Midterm Exam Question 11 Answer

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Midterm Exam

11.  The requirements for a payment to be considered as alimony include all of the following except

  1. not be designated as being other than alimony.
  2. be made pursuant to a divorce, separation or a written agreement between the spouses.
  3. terminate at the death of the payee.
  4. be made in cash or property.

 

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This question is taken from Accounting 015 – Tax Accounting I » Spring 2021 » Midterm Exam