Choose wisely. There is only one correct answer to each question.
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1.
When setting child support payments, the court has complete discretion under the law.
False. The court must refer to child support guidelines provided by law.
2.
Child support ________.
Is not taxable to the person who receives it and not tax deductible to the person who pays it. The other two choices are not accurate.
3.
Which of the following is NOT a factor in setting alimony?
The standard of living the couple would have achieved had the marriage continued. This is not a factor; the standard of living actually attained during the marriage is important.
4.
Which of the following is true regarding alimony negotiations?
None of the above are true. The opposite of each statement is true.
5.
Marital property includes assets you brought into the marriage.