Payment of taxes as additional alimony.

Each year husband shall pay to wife as additional alimony that sum which approximates the federal and _________ or other state income taxes payable for that year when added to the total of (1) her monthly alimony, (2) the real estate taxes and note curtailment on _________(home) paid as assumed by husband under this agreement and (3) the additional alimony. The total amount of the additional alimony shall be paid in equal installments due on April 1, June 1, September 1 and December 15 of the current year. By November 15 of a given year wife shall have computed and mailed to husband the amount for additional alimony in the following year, together with explanation of its computation. The computation for the income taxes which will be payable for the following year shall be based on the following assumptions:

(a). Gross income will consist of those items numbered (1), (2), and (3) above.

(b). Deductions will be estimated as follows:

Real estate taxes, interest on mortgage, will be the actual amounts which will be paid in the following year; income taxes will be the amount computed for purposes of this agreement; state sales and gasoline taxes will be estimated on the basis of federal schedules; other deductions which can be reasonably estimated for the next year will be taken at such estimate; all other expenses which may be deductible in part or in full will be assumed to be the same as the amounts actually incurred for the year next preceding the year for which the taxes are being computed; however, the total of such deductions shall not be less than the allowable standard deductions.

Husband shall respond with his acceptance or reasons for changes by December 1; and if the difference is not immediately resolved, an independent CPA selected by the attorneys for the parties shall make a binding interpretation and the expense shall be shared by the parties. Payments of additional alimony shall terminate with the year in which husband dies, wife dies, wife remarries, or husband reaches his sixty-fifth birthday, whichever event shall first occur.



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