How much of each $700 payment must be included in sams

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Reference no: EM133655672

Under a 2017 divorce agreement, Britney is required to pay her ex-husband, Sam, $700 a month until their daughter is 18 years of age. At that time, the required payments are reduced to $450 per month.

Question 1. How much of each $700 payment may be deducted as alimony by Britney?

Question 2. How much of each $700 payment must be included in Sam's taxable income?

Question 3. How much would be deductible/included if the divorce agreement were dated 2023? b. Under the terms of a property settlement executed during 2

Reference no: EM133655672

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