- A budget is a recording of how much money comes in and out of your household.
True
False
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- Select the steps you should take when separating:
Have a credit card in your own name
Get an appraisal of your assets
Make a list of all your debts
Review and update insurance coverage and will.
All of the above
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- If you are married you can use which law?
Only the Family Law Act
Only the Divorce Act
Either the Family Law Act or the Divorce Act
Neither the Family Law Act or the Divorce Act
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- Which of these couples are NOT spouses?
Bob and Jane are married
Susan and Lindsay have live together in a marriage-like relationship for 3 years
Sam and Tim have a child together and have lived together for 1 year.
Erin and Adam have lived together for 14 months.
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- Parents must make sure all their decisions regarding parenting are in the best interests of their children.
True
False
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- Parents that don't live with their children don’t need to pay child support.
True
False
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- Which of the following would not be considered a special expense for children?
Cost of Tutor
Piano lesson expenses
Dental bills
Pizza dinner
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- Which one of the following provides guidance on how to calculate spousal support?
The Spousal Act
The Spousal Support Advisory Guidelines
The Family Guidelines
The Child Support Guidelines
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- Courts will generally divide family property:
100% to the spouse that bought it
70% to the spouse that used it the most
50-50
Won’t divide family property
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