Question

Matt and Jane recently obtained a divorce. Jane has full custody of their two children, ages 12 and 14. Pursuant to the written divorce agreement executed before January 1, 2019, Matt will pay Jane $55,000 per year until the children turn 18, after which he will pay Jane $15,000 per year. In addition to the cash payments, Jane received their house and one of their cars (total value equal to $193,500) as part of their agreement. Matt and Jane also owned four season tickets to the Dallas Cowboys football games. Matt enjoys the football games more than Jane and would like to keep all four seats; thus, he has offered to pay Jane an additional $7,000 for the season tickets. Jane has agreed to his offer.

Which of the following is considered alimony?

Car

House

None of the above

$7,000 payment for season tickets

Season Tickets

How much income must Jane recognize this year?

Answer 1

Answer : None of the above

out of 5 options none of the above is considered as other options are not considered as alimony as non of the options financially support a spouse.

Jane must recognize income this year($55000+$7000)