If Bill owes his ex-wife alimony (maintenance) payments and is obligated to pay $11,000 for an ed...
If Bill owes his ex-wife alimony (maintenance) payments and is obligated to pay $11,000 for an educational loan, what effect will his discharge have on these obligations?
Homework Answers
As per law, Discharge will be paid first and obligation will be satisfied later.Because discharge , in this case, alimony is final order of the court. In short. First alimony if he has the money then loan.
Add Answer to:
If Bill owes his ex-wife alimony (maintenance) payments and is obligated to pay $11,000 for an ed...
If Bill owes his ex-wife alimony (maintenance) payments and is obligated to pay $11,000 for an ed...
If Bill owes his ex-wife alimony (maintenance) payments and is obligated to pay $11,000 for an educational loan, what effect will his discharge have on these obligations?
Frank legally divorced his wife last year. His ex-wife has joint ownership of their home and...
Frank legally divorced his wife last year. His ex-wife has joint ownership of their home and sole custody of their two children. As part of the divorce decree (dated June 1, 2018), Frank was ordered to continue to pay the full mortgage payments as well as cash payments to his ex-wife. Frank was also ordered to pay child support for the children. Frank pays the following amounts: • Alimony in the amount of $1,300 cash per month • Mortgage payments...
John finds a bill on his desk. He has three options: ignore it and leave it on his own desk, move the bill over to his wife Mary's desk, or pay the bill immediately. The probability that he leave...
John finds a bill on his desk. He has three options: ignore it and leave it on his own desk, move the bill over to his wife Mary's desk, or pay the bill immediately. The probability that he leaves it on his own desk is 0.2. The probability that he moves it to Mary's desk is 0.7. The probablity that he pays the bill immediately is 0.1 Similarly, if Mary finds a bill on her desk she can choose to...
Question 12 4 pts Bill just financed a used car through his credit union. His loan...
Question 12 4 pts Bill just financed a used car through his credit union. His loan of $14,572 has an interest rate of 5.00% and requires payments of $275 a month for 60 months. Assuming that all payments are paid on time, his last payment will pay off the loan in full. What type of loan does Bill have? Amortizing Pure discount Lump sum Interest-only
a. Under a 2017 divorce agreement, Joan is required to pay her ex-husband, Bill, $4,160 a...
a. Under a 2017 divorce agreement, Joan is required to pay her ex-husband, Bill, $4,160 a month until their daughter is 18 years of age. At that time, the required payments are reduced to $2,912 per month. 1. How much of each $4,160 payment may be deducted as alimony by Joan? 4,160 ) 2. How much of each $4,160 payment must be included in Bill's taxable income? 3. How much would be deductible/included if the divorce agreement were dated 2019?...
John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2018, John worked as a computer technician at a local university earning a salary of $154,000, and...
John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2018, John worked as a computer technician at a local university earning a salary of $154,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $31,000. John also does some Web design work on the side and reported revenues of $6,000 and associated expenses of $1,750. The Fergusons received $1,200 in qualified dividends and a $300 refund of...
76. Consider the following letter and answer Shady's question. To my friendly student tax preparer: Hello,...
76. Consider the following letter and answer Shady's question. To my friendly student tax preparer: Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year whatever that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing. I was unemployed at the beginning of the year and got $2,000 in unemployment...
Shady Slim/Comprehensive Gross Income Problem To my friendly student tax preparer: Hello, my name is Shady...
Shady Slim/Comprehensive Gross Income Problem To my friendly student tax preparer: Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year…whatever that means. It’s been a busy year and I’m a busy man, so let me give you the lowdown on my life and you can do your thing. I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a...
James and Edna Smith are a childless married couple who lived apart for all of 2016....
James and Edna Smith are a childless married couple who lived apart for all of 2016. On December 31, 2016, they were legally separated under a decree of separate maintenance. Which of the following is the only filing status choice available to them for 2016? 1) Married filing joint return. 2) Married filing separate return. 3) Head of household. 4) Single. Question 2 Percy Peterson received a grant from the Department of Education for a special research project on education....
CASE 6 Using Ex-Cons to Teach Business business school with a master's degree, worked as a...
CASE 6 Using Ex-Cons to Teach Business business school with a master's degree, worked as a Ethics at MCL devised a 56 million money launderin home and served two years in federal prison. AL After the Enron scandal and he was the way he became divorced and unemployed, and Tyon, and Adelphia debacles that wed a couple of to move back in with his parents. As Busw. We years later, the business ethics industry really started to reported, it was...
John finds a bill on his desk. He has three options: ignore it and leave it on his own desk, move the bill over to his wife Mary's desk, or pay the bill immediately. The probability that he leaves it on his own desk is 0.2. The probability that he moves it to Mary's desk is 0.7. The probablity that he pays the bill immediately is 0.1 Similarly, if Mary finds a bill on her desk she can choose to...
Question 12 4 pts Bill just financed a used car through his credit union. His loan of $14,572 has an interest rate of 5.00% and requires payments of $275 a month for 60 months. Assuming that all payments are paid on time, his last payment will pay off the loan in full. What type of loan does Bill have? Amortizing Pure discount Lump sum Interest-only
a. Under a 2017 divorce agreement, Joan is required to pay her ex-husband, Bill, $4,160 a month until their daughter is 18 years of age. At that time, the required payments are reduced to $2,912 per month. 1. How much of each $4,160 payment may be deducted as alimony by Joan? 4,160 ) 2. How much of each $4,160 payment must be included in Bill's taxable income? 3. How much would be deductible/included if the divorce agreement were dated 2019?...
76. Consider the following letter and answer Shady's question. To my friendly student tax preparer: Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year whatever that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing. I was unemployed at the beginning of the year and got $2,000 in unemployment...
CASE 6 Using Ex-Cons to Teach Business business school with a master's degree, worked as a Ethics at MCL devised a 56 million money launderin home and served two years in federal prison. AL After the Enron scandal and he was the way he became divorced and unemployed, and Tyon, and Adelphia debacles that wed a couple of to move back in with his parents. As Busw. We years later, the business ethics industry really started to reported, it was...
Most questions answered within 3 hours.
-
For 1 through 11, create an expression using the relational
operators, the logical operators, and variable...
asked 2 minutes ago -
The production budget for Manner Company shows units to be
produced as follows: July, 550; August,...
asked 6 minutes ago -
Your group is required to develop a comprehensive Business plan
that will be used as a...
asked 10 minutes ago -
a radio station transmits at 78.1 mhz. a hz is an inverse
second. how far apart...
asked 28 minutes ago -
Write the equilibrium expression for the dissociation in
water for CH5N, C2H5O2COOH, H3AsO4, KClO2, HC2H2ClO2.
asked 34 minutes ago -
In risk management, insurance is an example of:
Select one:
a. Risk avoidance
b. Risk deflection...
asked 35 minutes ago -
Wildhorse Company follows the practice of pricing its inventory
at the lower-of-cost-or-market, on an individual-item
basis....
asked 1 hour ago -
3. (10 pts) You grow a corn crop that yields 150 bushels ac-1,
with the following...
asked 58 minutes ago -
7. The term Six Sigma refers to:
Select one:
a. The control limits established in a...
asked 1 hour ago -
For the following reaction: A(g) + 2 B(g) ⇌ 2 C(g) Calculate the
equilibrium constant K...
asked 1 hour ago -
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 1 hour ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 1 hour ago