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Under the Terms of a Divorce Agreement, Lanny Was to Pay

Question 43

Multiple Choice

Under the terms of a divorce agreement, Lanny was to pay his wife Joyce $2,000 per month in alimony and $500 per month in child support.For a twelve-month period, Lanny can deduct from gross income (and Joyce must include in gross income) :


A) $0.
B) $6,000.
C) $24,000.
D) $30,000.
E) None of the above.

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