Ricky and mary divorced in 2018. mary has custody of their child, arnold, and under the divorce decree ricky pays mary $120,000 per year. the payments must be made in cash and will cease if mary dies or remarries. the payments drop to $100,000 per year once arnold reaches the age of 18. how much of the payments to be paid in 2019 will mary include in her gross income for 2019?

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.