Child Support Payments

Multiple Choice

Child support payments:

A) Have no taxable impact on either the payer or the recipient
B) Taxable to the payer at ordinary income rates and is tax-deductible by the recipient
C) Taxable to the recipient at ordinary income rates and is tax-deductible by the payer
D) Taxable to the child at ordinary income rates and is tax-deductible by the payer
E) None of the above