Under the terms of a divorce agreement entered into in 2018, Kim was to pay her husband Tom $7,000 per month in alimony, Kim's payments will be reduced to $3,000 per month when their 9 year-old son becomes 21. The husband has custody of their son.
For a 12 month period, Kim can deduct from gross income (and Tom must include in gross income):
a. $36,000.
b. $0.
c. $60,000.
d. $48,000.
e. None of these choices are correct.
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