Required Information The Following Information Applies To The Questions Displayed Below Lanny And Shirley Divorced 1 (23.23 KiB) Viewed 8 times
Required Information The Following Information Applies To The Questions Displayed Below Lanny And Shirley Divorced 2 (5.63 KiB) Viewed 8 times
! Required information [The following information applies to the questions displayed below.] Lanny and Shirley divorced in 2018 and do not live together. Shirley has custody of their child, Art, and Lanny pays Shirley $26,500 per year. All property was divided equally. b. How much should Shirley include in income if $14,700 of Lanny's payments is designated as "nonalimony" in the divorce decree? Answer is complete but not entirely correct. $ 10,000 X Amount to be included in gross income
c. How much should Shirley include in income if Lanny's payments drop to $18,600 once Art reaches the age of 18? Amount to be included in gross income
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!