Under the terms of a divorce agreement,Kim was to pay her husband Tom $4,000 per month in alimony and $1,500 per month in child support.For a twelve-month period,Kim can deduct from gross income (and Tom must include in gross income):

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Quizplus · Accepted Answer

Kim can deduct both the alimony and child support payments from her gross income for tax purposes, as they are both considered separate types of support. Therefore, she can deduct a total of $54,000 (12 months x $4,000 for alimony + 12 months x $1,500 for child support). Tom must include this same $54,000 in his gross income.

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