As a result of a divorce, a taxpayer received the following during the current year: Cash from the property settlement $100,000 Child support 12,000 Alimony payments 30,000 What amount, if any, must be included in gross income for the current year?

a. $130,000
b. $142,000
c. $30,000
d. $0

Ans: c. $30,000

Business

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The primary objective of the NLRA is to ________

a. provide adequate compensation to injured employees b. encourage collective bargaining c. ensure job security for whistleblowers d. ensure that workers are informed in advance about an impending layoff

Business

Discuss at least three differences between investing in stocks and investing in bonds

What will be an ideal response?

Business