Emma received the following items during the year pursuant to a divorce decree: Family SUV with a FMV of $20,000 Alimony received from her ex-husband of $8,500 (Pre-Tax Cuts & Jobs Act Alimony) Child Support of $12,000 What amount should Emma include in her Gross Income? Group of answer choices $8,500. $12,000. $20,500. $28,500.
Emma received the following items during the year pursuant to a divorce decree: Family SUV with a FMV of $20,000 Alimony received from her ex-husband of $8,500 (Pre-Tax Cuts & Jobs Act Alimony) Child Support of $12,000 What amount should Emma include in her Gross Income? Group of answer choices $8,500. $12,000. $20,500. $28,500.
Chapter16: Tax Research
Section: Chapter Questions
Problem 50RC
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Question
Emma received the following items during the year pursuant to a divorce decree:
- Family SUV with a FMV of $20,000
- Alimony received from her ex-husband of $8,500 (Pre-Tax Cuts & Jobs Act Alimony)
- Child Support of $12,000
What amount should Emma include in her Gross Income?
Group of answer choices
$8,500.
$12,000.
$20,500.
$28,500.
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