Gabby is planning a divorce, the terms of which will be settled in 2019. Under the expected terms of the divorce decree, she will pay alimony of $24,000 per year. Gabby's expected marginal tax bracket for 2019 is 24%. Gabby will have an after tax cost for the $24,000 payment of

A. $18,240.
B. $5,760.
C. $24,000.
D. $0.


Answer: C

Business

You might also like to view...

"Do you know why you should be using synthetic motor oil in your new Corvette?" the service manager asked Duane when he brought his new car to the Chevy dealership for a routine servicing. Which type of approach is the service manager using?

A. Customer benefit B. Opinion C. Product D. SPIN E. Curiosity

Business

Which of the following is the most appropriate closing for an e-mail message or memo?

A) Please submit your report by August 1 so that the information can be presented at the seminar. B) Please let me know if I may be of further assistance. C) Thank you in advance for answering my questions. D) It's been great talking with you.

Business

Return on investment is the amount of money a company saves by avoiding training programs.

Answer the following statement true (T) or false (F)

Business

Which of the following represents concurrent property ownership?

a. A cooperative. b. A life estate. c. A lease. d. A fee simple absolute.

Business