What level of theft is Janet charged with for stealing a bike worth $700.00?

In many jurisdictions, the classification of theft offenses is determined by the value of the property stolen. In this case, since Janet stole a bike worth $700.00, this amount typically exceeds the threshold for misdemeanor theft, which often has a limit around $500. This means that theft of property valued at $700 generally qualifies as felony theft, which is a more serious offense, subject to harsher penalties.

Felony theft is usually categorized based on the value of the stolen items, with higher-value thefts reflecting greater criminal intent or impact. Theft charges can vary by state, but in states where $700 falls above the threshold for misdemeanor theft, it is appropriate to classify Janet's action as felony theft. Understanding these thresholds and the legal distinctions they create is crucial for recognizing how different values of stolen property are treated under the law.