What is the amount of carolyns adjusted gross income


Carolyn, who earns $400,000, is required to pay John, her ex-husband $200,000 as part of the property settlement as a result of their divorce. In turn, John transfers stock worth $50,000 to Carolyn. What is the amount of Carolyn's Adjusted Gross Income for the year?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the amount of carolyns adjusted gross income
Reference No:- TGS0677699

Expected delivery within 24 Hours