John and Mary were divorced in 2017. The divorce decree (executed 6/30/2017) provides that John pay alimony of $10K per year, to be reduced by 20% of on their child's 18th birthday. During the CY, the $10K was paid in the following way: John paid $7K directly to Mary and $3K to Spring College for Mary's tuition. What amount of these payments should be reported as income for Mary's CY income tax return?
A. $5,600
B. $8,000
C. $8,600
D. $10,000
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Home » Business » John and Mary were divorced in 2017. The divorce decree (executed 6/30/2017) provides that John pay alimony of $10K per year, to be reduced by 20% of on their child's 18th birthday.