The process of gathering information for a trial is called a fishing expedition
a. True
b. False
B
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Dexter and Helen purchased a house one year after their marriage for $100,000. At the time of their divorce 15 years later, the mortgage had been paid off and the house was appraised as having a current equity of $200,000. The court determined that Helen’s equitable percentage of this asset was 40 percent. Helen “bought out” Dexter’s share of the house by transferring to him another asset worth $120,000. The deed to the house was transferred to Helen’s sole name. Ten years later, Helen sells the house for $280,000. If the capital gains tax rate at that time is 20 percent and Helen is not eligible for any exemption, Helen will owe ______________________ in capital gains tax.
Fill in the blank(s) with the appropriate word(s).
The “marital deduction” refers to:
a. the decreasing number of married couples in the United States. b. a tax deduction commonly allowed on state or municipal income tax reporting. c. a deduction that Internal Revenue Service allows legally married couples. d. a defunct part of the federal tax code since the marital deduction is no longer permitted.
A decision in a case that is reached by the judge is called a (an):
a. ex parte decision b. in camera decision c. judgment d. verdict
Most law firm intranets consist of what five levels?
What will be an ideal response?