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Smith, an individual, is required to pay Goode yearly alimony of $6,000 and yearly child support of $18,000. Smith paid Goode $20,000 in 2013. Smith’s 2013 W-2 income was $50,000. Considering only the foregoing facts, what should Smith’s adjusted gross income be for 2013?

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Accounting Basics, Accounting

Category:- Accounting Basics
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