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BartSMP [9]
2 years ago
14

The Sharps were granted a decree of divorce effective January 1, 2018. In accordance with the decree, Susan Sharp is to pay her

spouse $24,000 a year until their only child, Melanie now 11, turns 18, and then the payments will decrease by $11,000 per year. For 2019, how much can Susan deduct as alimony
Business
1 answer:
daser333 [38]2 years ago
6 0

Answer:

$13,000

Explanation:

Calculation for the amount that Susan can deduct as alimony for the year 2019

Based on the information given we were told that she is to pay her spouse the amount of $24,000 a year until their child who is 11 years old turns 18 years old in which the payments will decrease by the amount of $11,000 per year which means that the Alimony will be calculated as ;

Alimony=$24,000-$11,000

Alimony=$13,000

Therefore for 2019, the amount that Susan deduct as ALIMONY will be $13,000

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