User Account

All Pages

What the income tax ramifications of alimony structured in

Assignment Help Macroeconomics
Reference no: EM13314659

John and Mary are divorcing. John is demanding that Mary pay him $75,000 of alimony in the first year after the divorce, $50,000 in the second year, and $25,000 in the third and all subsequent years until he dies or remarries. What are the income tax ramifications of alimony structured in this manner?

Reference no: EM13314659

Questions Cloud

Refundable security deposit equal to one month rent : A landlord requires tenants to pay at the beginning of their lease an amount equal to 3 months of rent. He informs the tenants that this is for the first month's rent, the last month's rent, and a refundable security deposit equal to one month's rent..
Jason owns a computer repair shop. jason needs some repair : Jason owns a computer repair shop. Jason needs some repair work done on his company car, so he agrees to repair the computer at Bob's Auto Repairs in exchange for fixing the car.
Judge hearing this case how would you rule : Walter used the cash method to account for income from his cattle ranch. During an audit in year 3, the IRS auditor discovered a document from a customer indicating that Walter sold 115 head of cattle to the customer two years earlier for $77,000.
Explain all the tax consequences of these events for both : Joe owes Willy $5,000 from an old gambling debt. Joe knows that there is no way he can repay the debt in the near future. He asks Joe if he will take a $25,000 life insurance policy that has a cash surrender value
What the income tax ramifications of alimony structured in : John and Mary are divorcing. John is demanding that Mary pay him $75,000 of alimony in the first year after the divorce, $50,000 in the second year, and $25,000 in the third and all subsequent years until he dies or remarries. What
What do you think about this proposal : Some politicians have proposed changing the way social security benefits are taxed. One proposal would increase the amount of Social Security benefits included in gross income to 100 percent
Why do you think companies invested in this janitor insurace : Your friend tells you that she read an article about something called “janitor's insurance.” The article said that companies took out life insurance policies on some, if not all, of their employees
State income tax of 5 percent in addition to the federal inc : Mango Corporation has before-tax income of $450,000 and is subject to a state income tax of 5 percent in addition to the federal income tax. What is Mango’s after-tax cash flow?
How much must alana and mac include in gross income : Mac gives his daughter, Alana, 600 shares of Highgrowth stock. Mac purchased the stock 10 months ago at $20 per share. On the gift date, the stock is worth $35 per share

Reviews

Write a Review

Macroeconomics Questions & Answers

  Describing supply of money-commodity and flat money

What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?

  What implications does have for a countrys specialization

Suppose that the economy's total resources are 320hours of labor and 20 acres of land. Use a diagram and some algebrato determine the allocation of resources. (It doesn'tnecessarily have to be to scale.)

  Fishers equation-crowding out effect

In the country of Wiknam, the velocity of money is constant. Real GDP grows by 5 percent per year, the money stock grows by 14 percent per year, and the nominal interest rate is 11 percent. What is the real interest rate?

  How does affect his budget constraint

Drowns indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure

  Discuss the new equilibrium price and quantity

I recently purchased skim milk instead of soy milk because skim milk was less expensive. Describe how the law of demand affected my purchase and discuss new equilibrium price and quantity.

  Should monetary authority increase or decrease growth money

How rapidly has the money supply (M1) grown during the past twelve months State the rate of growth and the most recent release, use the seasonally adjusted figures. Calculate the rate of growth across the year.

  Assume the marketing environments of each country comprising

Assume the marketing environments of each country comprising but not limited to cultural, political, legal, and economic influences.

  Does the scripture support a big government or laissez faire

"Because of market failure, we need a big government intervention to help appropriate the scarce resources to make sure that everyone is taken care of." Do you agree Take a position and provide your rationale.

  Discuss the dangers of a high debt to gdp ratio

Assume the country is in a budget deficit and carrying a very large debt. Discuss the dangers of a high debt to GDP ratio and a growing budget deficit. Would this change any policy changes you discussed in Part 1?

  Calculate the numerical value of equilibrium level of income

Suppose that Investment spending of 420 is added (I = 420). Find Ye1. • Then suppose that we find that ΔI = 40. Find Ye2.

  Calculate expected value and standard deviation

The XYZ Corporation has estimated the expected cash flows for 1996 to be as follows, Calculate Expected value, Standard deviation, Coefficient of variation

  Managerial decisions for company

Higher unemployment caused by ression and higher prices have contributed to substantial reduction during 2008 in the number of vehicles on bridges, roads, and in tunnels.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd