Jonas is a successful investment banker who earns $400,000 per year. He marries Penny, a nurse at a county hospital. At the time of their marriage, Jonas owns real estate worth $1 million and securities worth $1.5 million, while Penny has no savings or property. After four years, Jonas and Penny opt for a divorce. Over the four years of their marriage, Jonas earns $400,000 in the first two years and $500,000 in the remaining two. Penny earns $25,000 in the first three years and $150,000 in the final year of their marriage. Their living expenses were $130,000 per year, and they have $1,450,000 of their earnings saved in a bank account. During the marriage, Jonas's real estate increases in value to $1.5 million, and his securities increase in value to $3 million. If they file for divorce in
a state that recognizes community property, what amount would each receive from community property?
A. $1,300,000
B. $2,297,500
C. $725,000
D. $1,050,000
Answer: C
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Reagan, the manager of a car dealership, finds it impossible to train his mechanics on the details of every potential repair problem because of the increasing complexity and variety of today's vehicles. Hence, he provides them with a training program that familiarizes them with the basics of engine, emission, and other types of repair. Additionally, in case of a particular problem, the training program allows the mechanics to seek expert advice through an online computer application. Which learning approach is being implemented by Reagan?
A. virtual reality-based simulation program B. Myers-Briggs simulation program C. e-learning simulation D. experiential behavior modeling program E. electronic performance support system
When a major moving van company sells accessory products (boxes, bubblewrap, etc.) that must be used in moving a household's furniture, the company is practicing captive pricing
Indicate whether the statement is true or false
What guidelines has the Supreme Court set forth when awarding punitive damages in most cases?
a. Punitive awards should not exceed compensatory damages by more than a factor of nine. b. The Supreme Court has not set any limits for punitive awards. c. Punitive awards should not exceed compensatory damages by more than a factor of one hundred. d. The Supreme Court has stated that punitive damages are allowed only when there are no compensatory damages awarded.
Which of the following statements regarding instrument liability is TRUE?
a. The holder of an instrument must first ask for payment from those who are secondarily liable. b. For any given instrument, only one person can be liable at a time. c. A person with primary liability is unconditionally liable and must pay unless he or she has a valid defense. d. A person with secondary liability has the same liability to the holder as a person with primary liability.