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Test - Community Property (2020) Section 1 Question 1 of 5 Under a community property system The property rights of each spouse (or RDP) are
Test - Community Property (2020) Section 1 Question 1 of 5 Under a community property system The property rights of each spouse (or RDP) are determined based on that spouse's (or RDP's) Individual contributions. A gift made to a married individual automatically belongs 50% to their spouse (or RDP). Married individuals are equally entitled to al income earned during the marriage, regardless of which spouse (or RDP) directly earned the income Property brought into the marriage becomes the equal property of each spouse (or RDP) once the marriage begins. Mark for follow up Question 2 of 5 Which of the following is a community asset under California community property laws? A $90,000 inheritance. Wilma inherited $90,000 from her grandfather this year. She was married to Llam when she received this inheritance Atract of land held for investment. Zeth acquired the land while single and married Lily the next year. A diamond bracelet. Vera received the bracelet as a gift from her father. Vera was married to Thomas when the gift was made. Shares of stock in ABC, Inc. Helen received the stock as part of her compensation package as an employee of ABC, Inc. She was married to Bob the entire time she worked there. Mark for follow up Mark for follow up Question 2 of 5 Which of the following is a community asset under California community property laws? A $90,000 inheritance Wilma inherited $90,000 from her grandfather this year. She was married to Liam when she received this inheritance Atract of land held for investment. Zeth acquired the land while single and married Lily the next year. A diamond bracelet. Vera received the bracelet as a gift from her father. Vera was married to Thomas when the gift was made Shares of stock in ABC, Inc. Helen received the stock as part of her compensation package as an employee of ABC, Inc. She was married to Bob the entire time she worked there. Mark for follow up
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