How much income must Paula report for these payments?

Anonymous
timer Asked: Mar 30th, 2016

Question description

Mike and Paula were divorced during the current tax year and the following payments were made by Mike in accordance with the written divorce decree:

$5,000 to UNA University for Paula's tuition.

  • $10,000 to Paula for child support.
  • $12,000 per year to Paula which must continue in all circumstances for 10 years.

Mike and Paula were divorced during the current tax year and the following payments were made by Mike in accordance with the written divorce decree:
  • $5,000 to UNA University for Paula's tuition.
  • $10,000 to Paula for child support.
  • $12,000 per year to Paula which must continue in all circumstances for 10 years.

How much income must Paula report for these payments?


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