Marylee and George divorced in 2018 after 20 years of marriage during which time George gave up his career and stayed home with their children.In 2019, Marylee, the CEO of a mail order company, transfers their home valued at $450,000 and held in joint tenancy to George as part of the divorce settlement.She also agreed to pay George $4,000 per month alimony and $6,000 per month in child support beginning in January of 2019.If George has no other income, what is his adjusted gross income for 2019?
A) $48,000
B) $120,000
C) $273,000
D) $498,000
Correct Answer:
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