The Oroscos were granted a decree of divorce effective January 1,2016.In accordance with the decree,César Orosco is to pay his wife $24,000 a year until their only child,Ricardo now 11,turns 18,and then the payments will decrease by $11,000 per year.For 2016,how much can César deduct as alimony?

Question

Quizplus · Accepted Answer

The amount that César can deduct as alimony for 2016 is equal to the amount of alimony paid during the year as long as it meets the requirements set forth by the IRS. In this case, César is required to pay $24,000 a year until their child turns 18, and then the payments will decrease by $11,000 per year. For 2016, Ricardo is 11 years old, so César will be paying $24,000 in alimony for that year, which is the amount he can deduct on his taxes. Therefore, the correct answer is C) $13,000.

The Oroscos Were Granted a Decree of Divorce Effective January