Midterm Exam Question 9 Answer

Posted on by

Navigation   » List of Schools, Subjects, and Courses  »  Accounting 015 – Tax Accounting I  »  Midterm Exam  »  Midterm Exam Question 9  »  Midterm Exam Question 9 Sample Answers

We are showing you only the excerpt of our answer. If you need help with the complete answer email us at

Midterm Exam

9.  Carolyn, who earns $400,000, is required to pay John, her ex-husband, $200,000 as part of the property settlement as a result of their divorce agreement which was executed in 2019. In turn, John transfers stock worth $50,000 to Carolyn. What is the amount of Carolyn’s adjusted gross income in 2019?

  1. $450,000
  2. $400,000
  3. $250,000
  4. $200,000

Need help with your discussion preparation?


Existing Clients Login here
null
This question is taken from Accounting 015 – Tax Accounting I » Spring 2021 » Midterm Exam