What is hanover adjusted gross income

Reference no: EM13129564

During 2011, Milton Hanover was granted a divorce from his wife. The divorce decree stipulated that he was to pay both alimony and child support for a specified period of time. In examining his records for 2011, the following information is available:

Salary: $50,000
Interest received on bank deposits: $2,000
Interest received on municipal obligations: $1,000
Alimony paid: $3,600
Child support: $4,800

What is Hanover's adjusted gross income for 2011?
$44,600
$48,400
$49,400
$52,000

Reference no: EM13129564

Questions Cloud

What is mark rental income : Mark Mayer, a cash basis taxpayer, leased property on June 1, 2011 to Perry Purly at $325 a month. Perry paid Mark $325 as a security deposit, which will be returned at the end of the lease.

What is the value for the rate constant k : What is the value for the rate constant, k? What is the concentration of urea in this solution after 4700 seconds if the starting concentration is 0.495 M?

Illustrate what is the difference between these two waccs : The CFO thinks the WACC should be based on market value weights, but the president thinks book weights are more appropriate. Illustrate what is the difference between these two WACCs?

Chemical reactions the total number of moles of products : In chemical reactions the total number of moles of products must be the same as the total number of moles of reactants.

What is hanover adjusted gross income : During 2011, Milton Hanover was granted a divorce from his wife. The divorce decree stipulated that he was to pay both alimony and child support for a specified period of time.

Net operating income or loss-eliminating northern division : Justify your decision, showing your calculation and overall company's net operating income or loss before and after eliminating Northern Division.

What is the basis for distillation techniques : What is the basis for distillation techniques used to separate two or more components and If so, this would give me the four apparatus requested.

How much should cooper record as the cost of the land : Cooper Co. issued 5,000 shares of its $5 par value common stock in exchange for a tract of land owned by Wallowitz Inc. Wallowitz had originally listed the land for sale at $165,000. The stock price on the exchange date was $30 per share. How much..

Estimate the heat released : Estimate the heat released when ethene CH2 CH2 reacts with hydrogen gas to give CH3CH3.

User Account

All Pages