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a. Under the terms of a divorce agreement as of April 1, 2018, Lanny was...

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Accounting

a. Under the terms of a divorce agreement as of April 1, 2018, Lanny was to pay his wife Joyce $2,500 per month in alimony and $500 per month in child support. For 2021, Lanny can deduct from gross income (and Joyce must include in gross income):

$0

$36,000

$22,500

$30,000

b.

Tab and Sharon are married and under 65 years of age. During 2021, they furnish more than half of the support of Carla. Carlas gross income is $1,500. Carla is Tab's former mother-in-law and lives in another state. How many dependents should Tab and Sharon claim for purposes of the dependent credit?

One

Two

Three

None

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