Assume that Judy and her husband are getting a divorce. When they were married, Judy had $5,000 in a savings account. Subsequently, her savings account earned interest of $500 and is now worth $5,500. Judy did not add her husband's name to the account. The value of her property is:

Question

Quizplus · Accepted Answer

The value of Judy's property is equivalent to her savings account, which was worth $5,000 when they were married and earned $500 in interest. Since she did not add her husband's name to the account, the money in the account belongs solely to Judy. Therefore, the value of her property is $5,500 (original amount plus interest).

Assume That Judy and Her Husband Are Getting a Divorce