Business, 19.03.2020 01:30 jalenthomas2208

Under the terms of a divorce agreement entered into in 2017, Lanny was to pay his wife Joyce $2,000 per month in alimony and $500 per month in child support. For a 12-month period, Lanny can deduct from gross income (and Joyce must include in gross income):

a. $0

b. $30,000

c. $6,000

d. $24,000

e. None of these

Answers: 3

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Under the terms of a divorce agreement entered into in 2017, Lanny was to pay his wife Joyce $2,000...

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