Barney and Betty got divorced in 2018. In the divorce decree Betty agreed to pay...
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Accounting
Barney and Betty got divorced in 2018. In the divorce decree Betty agreed to pay Barney $48,100 per year for five years (or until Barneys death or remarriage) and $14,800 per year until their daughter, Pebbles, turns 19 years old. What amount (if any) is included in Barneys gross income in 2019?
Multiple Choice
$62,900
$14,800
$48,100
None of the payments are included in gross income
$87,200
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