I have two questions. First for anyone who bought the ninja audio how are you using it? Are you listening and taking notes like you would with your primary study materials or are you listening to it in the car, at work, when you have free time, etc.?
My second question is about a MC from Becker's R1 study materials. Here's the question.
John and Mary were divorced last year. The divorce decree provides that John pay alimony of $10,000 per year, to be reduced by 20% on their child's 18th birthday. During the current year, John paid $7,000 directly to Mary and $3,000 to Spring College for Mary's tuition. What amount of these payments should be reported as income in Mary's current year income tax return?
a. $5,600
b. $8,000
c. $10,000
d. $8,600
The answer is b. I don't see where they tell you the age of the child so you can determine what the alimony should be. If a question tells you something like that are you supposed to assume that you need to factor that into your answer even if they don't give you more information?
REG - 78
BEC - 74, 67, 69, 69, 70, 79
FAR - 76
AUD - 69, 69, 69, 74, 85
Licensed Louisiana CPA
“You never fail until you stop trying.”
― Albert Einstein
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