If Larry and Lolita finalize a divorce this year and the court orders Larry to pay alimony in the amount of $700 per month for six months (through December), and then $700 per month for 15 years or until Lolita dies, which of the following statements will be true? a. Larry and Lolita may not file married filing jointly when completing this year's tax return. b. Lolita must file as head of household when completing this year's tax return. c. Larry may take a $4,200 deduction from gross income related to the alimony payments. d. Lolita need not report the alimony paid, or any child support payments, when she files taxes in future years. e. Both a and c are correct.

Winston uses the high-low method. it had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $6.50 at its highest level of activity when sales equaled 20,000 units. what would winston estimate its total cost to be if sales equaled 8,000 units?

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next