Multiple Choice
A couple was divorced in 2016,resulting in the payment of alimony.Alimony paid in 2019 is
A) deductible by both the payor and the payee.
B) deductible by the payor and included in income by the payee.
C) included in income by the payor and deducted by the payee.
D) an item which does not affect the payor's or the payee's tax reporting.
Correct Answer:

Verified
Correct Answer:
Verified
Q115: Alimony received under the terms of a
Q116: David,age 62,retires and receives $1,000 per month
Q117: Internal Revenue Code Section 61 provides an
Q118: With some exceptions,amounts withdrawn from a pension
Q119: Which of the following is not included
Q120: Property settlements made incident to a divorce
Q121: Gabby is planning a divorce,the terms of
Q122: Ms.Marple's books and records for 2019
Q123: Payments from an annuity purchased from an
Q124: Gains realized from property transactions are included