Richard and Alice Kelley lived apart during 2016 and did not file a joint tax return for the year. Under the terms of the written separation agreement they signed on July 1, 2016, Richard was required to pay Alice $1,500 per month, of which $600 was designated as child support. He made six such payments in 2016. Additionally, Richard paid Alice $1,200 per month for the first 6 months of 2016, no portion of which was designated as child support. Assuming that Alice has no other income, her return for 2016 should show gross income of
a. $10,800
b. $12,600
c. $0
d. $5,400
Ans: d. $5,400
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The protection of infant industries by a nation's government can cause more economic harm than good
Indicate whether the statement is true or false
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