Under the terms of a divorce agreement, Kim was to pay her husband Tom $7,000 per month in alimony. Kim's payments will be reduced to $3,000 per month when their 9 year-old son becomes 21. The husband has custody of their son. For a twelve-month period, Kim can deduct from gross income (and Tom must include in gross income):
A)$60,000.
B)$48,000.
C)$36,000.
D)$0.
E)None of these.

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The Answer of Under the terms of a divorce agreement, Kim was to pay her husband Tom $7,000 per month in alimony. Kim's payments will be reduced to $3,000 per month when their 9 year-old son becomes 21. The husband has custody of their son. For a twelve-month period, Kim can deduct from gross income (and Tom must include in gross income):
A)$60,000.
B)$48,000.
C)$36,000.
D)$0.
E)None of these.

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