Compare alimony versus child support from tax perspective

Reference no: EM1319722

1. You are the tax consultant for a spouse in a divorce proceeding.

Please discuss and compare alimony versus child support from a tax perspective. Please discuss this issue from the perspective of the payer and from the recipient.

2. A tax client has the opportunity to purchase a corporate bond with a yield to maturity of 6% OR a municipal bond with a yield to maturity of 4%. They are in the 33.33% marginal tax bracket.
Please advise them of the tax implications of each investment choice.

3. A tax client who owns a business wishes to either purchase or lease a new Lexus. The cars's purchase price is $50,000 and she expects to drive the car about 80% for business.
Please compare and contrast the tax deductions under the two scenarios and then make a recommendation.

Additional Requirements

Min Pages: 1
Max Pages: 2

Reference no: EM1319722

Questions Cloud

Required probability for given probability distribution : By using the age midpoints x and the percentages of nurses, do we have a valid probability distribution? Describe.

Confidence interval estimate for true population mean : Following data represent random sample of bank balances for population of checking account customers at large eastern bank. Based on data, determine the 95 percent confidence interval estimate for true population mean?

Growing perpetuity investment : You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $28,679 at the end of this year and subsequent payments which will grow at a rate of 4.6 percent annually.

Expected profit-expected loss and required probability : What is the probability that Sara will die in her 60 th year? Using this probability and the $50,000 death benefit, what is the expected loss to Big Rock Insurance?

Compare alimony versus child support from tax perspective : Please discuss and compare alimony versus child support from a tax perspective. Please discuss this issue from the perspective of the payer and from the recipient.

Hypothesis testing of equality of two mean : You want to know whether the population means are different in the two populations. Conduct an hypothesis test using an alpha of .05 and the critical value method.

Best iq score for first born child : Suppose IQ scores were obtained from randomly selected twins. For 20 such pairs of people, the linear correlation coefficient is .896 and the equation of the regression line is y= -.38 + .99x-What is the best IQ score for the first born child.

Critical value using desired confidence level : If desired confidence level is 95 percent, suitable critical value is?

Patient orders in computer system : Look at the attached Entity Matrix. Will that class be enough to change physician behaviour so that physicians will enter their own patient orders into a computer system?

User Account

All Pages