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Shalnov [3]
3 years ago
8

Nathan and Nancy were divorced in 2016. The divorce agreement required Nancy to pay Nathan $5,000 a month in alimony. Based on y

our tax research is the alimony received by Nathan taxable income to him? What if they continued to live together during 20016 and 2017? Would your answer change if the couple lived apart but divorced in 2019?
Business
1 answer:
ZanzabumX [31]3 years ago
8 0

Answer:

Explanation:

The alimony given is a tax-deductible expense for the person paying the alimony if a divorce is finalized before 2019 and before Jan 31, 2018.

Alimony payments made for divorce implemented after Jan 31, 2018, are said not to be tax-deductible with regards to the amended law.

Therefore in the scenario presented, Nancy pays alimony to Nathan will be tax-deductible income to him because the divorce was finalized in the year 2016 as it is before Jan 31, 2018.

If they have been divorced and still they continue to stay together during 2016 and 2017, then alimony payments are tax-deductible.

Had it been that they have not filed for divorce, only that they are separated but however still jointly live together, then they both file for tax return jointly or separately together due to the sense that they are considered as a married couple for the entire year.

In a case whereby the couple is divorced in 2019, then alimony payments received are not tax-deductible with regards to the current law.

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Manuel, a supervisor, is known by his managers to be sharp in his decisions and has a good track record of meeting his goals. Ma
kicyunya [14]

Answer: Effective Managers.

Explanation:

An effective manager is a manager that delivers successfully on tasks that he is in charge of and is very good in decision making. Manuel is well known for his ability to meet his objectives set and accurate decision making.

3 0
3 years ago
Lucky Inc. reported sales revenue of $385,000, operating expenses of $65,000, and a net loss of $23,000 for the most recent fisc
Mademuasel [1]

Answer:

$343,000

Explanation:

Given that,

Sales revenue = $385,000

Operating expenses = $65,000

Net loss = $23,000

Gross profit:

= Net loss + Operating expenses

= - $23,000 + $65,000

= $42,000

Cost of goods sold:

= Sales revenue - Gross profit

= $385,000 - $42,000

= $343,000

Therefore, the amount of cost of goods sold for the Lucky is $343,000.

3 0
3 years ago
Ruben, the owner of Fitstem, a popular gym, analyzes the competition that the gym faces and understands the changing needs of it
Llana [10]
Planning skills is what I think
4 0
3 years ago
Why does welsh imply that the authenticity of the dance is brought into question because of global sharing?
Margaret [11]

Irvine Welsh (born 27 September 1958) is a Scottish novelist, playwright and short story writer. His 1993 novel Trainspotting was made into a film of the same name. , Welsh says dance, music and its surrounding culture remain a major influence on his work.That is why he imply that the authenticity of the dance is brought into question because of global sharing?

When dance forms become globalized, the question of whether or not the style can maintain its authenticity is raised. This, in turn, raises the question of what it means to be culturally authentic in the first place, as well as whether or not a style of dance can truly be possessed by a person or people.

Dance is a deeply personal art form, steeped in traditions, emotions, and experiences. Authenticity is what keeps dance alive.

It's clear that authenticity is one of the most important values in our society - but it means different things to different people.For dancers, authenticity isn't just some word to be tossed around.

To learn more about of authenticity of the dance here

brainly.com/question/28179011

#SPJ4

3 0
2 years ago
Barbara wanted to go into the long-distance trucking business. She bought a used tractor and trailer for $102,000. However, the
Norma-Jean [14]

Answer:

Basis in the tractor 78.000 and new trailer basis 30.000

Explanation:

The adjusted basis is referred to as the cost basis of the assets as reduced by  the cost recovery amount including the depreciation at the point of sale. Alternatively, the adjusted basis can be termed as the unrealized cost basis of the assets. The formula for the adjusted basis is:

Adjusted basis = cost basis - Cost recovery deductions

The adjusted basis for B's tractor and trailer is calculated as follows:

Adjusted basis for tractor = Cost of tractor

=102.000 - 24.000

=78.000

Adjusted basis for new trailer = Cost of trailer

=30.000

3 0
3 years ago
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