Clarice, Age 90, Has Accumulated $1

question 1

Multiple Choice

Clarice, age 90, has accumulated $1.5 million in net assets.Included in this are three blocks of stock: Stock A has a basis of $300,000 and a fair market value of $400,000; Stock B has a basis of $400,000 and a fair market value of $200,000; Stock C has a basis of $100,000 and a fair market value of 400,000.Clarice needs $200,000 now to pay off the mortgage on her daughter's home and she wants to make a $400,000 donation to her Church either as a lifetime or testamentary transfer.Which assets should she sell to accomplish this with the least current tax cost?

• A)Sell Stocks A and C now.
• B)Sell Stock B and leave stock C to the Church upon her death.
• C)Sell Stock A and leave stock C to the Church upon her death.
• D)Sell Stock C and leave Stock B to the Church upon her death.

Understand the foundational theories of motivation and their key proponents.

Identify and differentiate between primary and social motives.

Recognize the significance of instinct, drive, and incentive theories in explaining human behavior.

Comprehend the role of ethology in understanding behavioral adaptations.

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Definitions:

Ventricles

The two lower chambers of the heart responsible for pumping blood to the lungs and the rest of the body, or cavities within the brain that produce cerebrospinal fluid.

Q-T Interval

A measurement on an electrocardiogram (EKG) that represents the time for the electrical system of the heart to depolarize and repolarize.

Deflections

Movements of an object or path away from its original course, often due to external forces or influences.

ECG

Electrocardiogram, a medical test that measures the electrical activity of the heart to identify various heart conditions.