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Milo and Nate enter into a contract under which Nate is to wash the windows at Milo's warehouse.When Nate's schedule conflicts,he asks Ollie to perform his window-washing duties.This transfer of duties is
Alimony
Payments made to a spouse or ex-spouse under a separation or divorce agreement, potentially deductible for the payer and taxable for the recipient.
Former Spouse
An individual who was previously married to another individual but is now legally divorced or separated.
Property Settlement
An agreement reached between parties in a divorce for dividing property and assets.
Moving Expense
Costs incurred for relocating one’s residence or business, which may be deductible under certain tax circumstances when related to a new job location.
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