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What is the underlying rationale for Alimony Rules:

A. The income should be taxed to the person with a claim of right to the income

B. The income should be taxed to the person who enjoys the benefits of the income

C. The fruit and the tree metaphor

D. Alimony is a payment for the taxpayer's property and, therefore, it is taxed to the recipient.

E. None of the above

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9406635

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