The amount of George's income that is subject to withholding is <u>$75,000</u>, which excludes the alimony income.
<h3>What is alimony income?</h3>
Alimony income represents the amount received from a spouse or a former spouse under a divorce or separation instrument.
<h3>What are the incomes subject to withholding?</h3>
The incomes subject to withholding include the following:
- Regular
- Commissions
- Vacation pay
- Reimbursements
- Other expense allowances
- Pensions
- Bonuses
- Dividends
- Gambling winnings.
<h3>Data and Calculations:</h3>
Wages income = $50,000
Gambling winning = $20,000
Alimony income = $10,000
Dividend income = $5,000
Income subject to withholding = $75,000 ($20,000 + $20,000 + $5,000)
Thus, George's income that is subject to withholding is <u>$75,000</u>, excluding the alimony income.
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A= (a+b+c)h is the formula. I hope this is helpful for you. I am pretty positive it will help.
Your answer is 98. Is there a multiple choice?
Answer:
I get 92 but not really sire