Mary Is an Attorney Who Is Employed by the State

question 32

Multiple Choice

Mary is an attorney who is employed by the state or federal government to serve as legal counsel for poor defendants. Mary is a(n)

• A) assigned counsel.
• B) public defender.
• C) state prosecutor.
• D) contract counsel.

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Definitions:

Capital Gains

Capital gains are the profit made from the sale of an asset or investment which has increased in value over the holding period.

Current Income

Earnings derived from investments or employment that are received regularly, such as dividends or salaries.

High-Dividend Policy

A corporate strategy focusing on paying out a large portion of its earnings to shareholders in the form of dividends.