Federal court diversity of citizenship jurisdiction can be established where the plaintiff and defendant are residents of different states and the amount in controversyexceeds _____

Regarding liquidated damages, for an owner-occupied, residential property transaction, the amount is limited to _________ of the purchase price of the deposit, whichever is less.

A. 1% B. 3% C. 5% D. 6%

Which of the following statements about taxation of Social Security retirement benefits under federal law is (are) true?

I. Social Security retirement benefits are never considered taxable income. II. Up to 85 percent of Social Security retirement benefits may be considered taxable income, depending on the amount of other income received by the beneficiary. A) I only B) II only C) both I and II D) neither I nor II