Solution-What net income or loss would be included in other

What net income or loss would be included in other income

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Question - An individual received monthly payments of $500 as spousal support and $1,000 as child support for their 2 children, pursuant to a court order. The individual earned employment income of $25,000 and incurred childcare expenses of $8,000 for the 6-year-old and $6,000 for the 8-year-old. What net income or (loss) would be included in "other income and deductions"?

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What net income or loss would be included in other income

Reference no: EM133176388

Reference no: EM133176388

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