Chapter 3 w Solutions - pg 5 & 6

Chapter 3 w Solutions - pg 5 & 6 - Burkett — Tax...

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Unformatted text preview: Burkett — Tax I — Chapter 3 Alimony vs Child Support Example Which is better to receive - $7,500 of child support or $9,000 of alimony if MTR is: v 15% MTR ATB (After Tax Benefit) Burkett — Tax I - Chapter 3 Installment Sale Example L sells investment land W/ $20,000 basis in 2008 for $50,000 w/ payment to be received as follows: $10,000 in 2008 & $20,000 ,in 2009 & 2010. How much income is reported in 2008, 09 & 10? ' Gross profit = #7 ,n m Q SAurfs 903206 A g0 3“ w @ Gross profit % = y ‘ . Baéfg / "S" “’3‘ f: ‘ 08 income? ‘ \Q‘xci “*5 Q? 9&2: Q kg: ‘7 .i 09 & 10 Income. “a f my» 41:351., Q?) Qlfli x523 3 ‘t i Mi What election could be made? W’ Th m ow om. €130 ‘gbm a? ét-MZN saw (23% Why? _» p (D T RPS QH—PE’TAL Log?” RZQgO¢3@__+© OCCSQN Gar/d CL) L¥Cé QAWQP :EN 0% 0.2m Qfii- W732 W m a: HQ. 6 ...
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Chapter 3 w Solutions - pg 5 & 6 - Burkett — Tax...

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