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).
$180,000 × .20 = $36,000
Legal Studies & Paralegal
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Every state has __________ guidelines, which are state-mandated rules for calculating the amount of child support owed by adults obligated to pay such support (obligors).
Fill in the blank(s) with the appropriate word(s).
Legal Studies & Paralegal
Which court is in charge of the administration of the decedent's estate?
A. Supreme court B. Superior court C. Probate court D. Administrative court E. ?Family court
Legal Studies & Paralegal
The only surefire way to ensure that a client’s expressions are actualized is to have the client execute various __________ directives.
Fill in the blank(s) with the appropriate word(s).
Legal Studies & Paralegal
___ is an unlawful touching.
a. Battery b. Assault c. Robber d. Burglary
Legal Studies & Paralegal