The process of gathering information for a trial is called a fishing expedition
a. True
b. False
B
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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
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.
Most law firm intranets consist of what five levels?
What will be an ideal response?
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).