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Social Studies, 25.02.2020 21:27 teseladavisp07jif

Bonnie and Howard got divorced in 2018. Under the terms of the decree Bonnie will pay Howard $100,000 in cash in each of the next ten years (or until Howard’s death or remarriage). In addition, Bonnie pays $30,000 per year to support their daughter, Kristina, until she turns 19 years old. What amount (if any) is included in Howard’s gross income this year?

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Bonnie and Howard got divorced in 2018. Under the terms of the decree Bonnie will pay Howard $100,00...

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