Answer:
This question is missing the Tom's marginal tax rate.
So, I assume it will be 35%
ATRR= 0.052; 8yrs: 187,514, 20yrs: 344,528
Explanation:
ATRR = (.08 x (1 - 0.35) = 0.052 ;
8yrs = $125,000 x (1.052)^8 = 187,514
20yrs = $125,000 x (1.052)^20 = 344,528
Answer:
The election of the president and the vice president of the United States is an indirect election in which citizens of the United States who are registered to vote in one of the fifty U.S. states or in Washington, D.C., cast ballots not directly for those offices, but instead for members of the Electoral College.
Answer:
a. How will the $20,000 payments be treated by Fred and Tammy if covered by prior law? b. How will the payments be treated if the divorce is covered by new law? c. What is Tammy's basis in the residence? d. What role would a tax adviser play in a divorce?
Explanation:
a. For Fred, the 20,000 must be included in income. There is no deduction for paying alimony. For Tammy, the amount is not included in income.
b. If the divorce was complete prior to December 31, 2018, Fred can deduct the $20,000 payments as alimony.
If the divorce was complete prior to December 31, 2018, Tammy must include the $20,000 payments in gross income.
c. It's $100.000,00
d. Tax advisors are responsible for determining the value of property given in lieu of cash for an alimony payment.
