George and Georgette Divorced Last Year

question 43

Multiple Choice

George and Georgette divorced last year.George was ordered to pay (and does pay) Georgette $600 per month alimony and $800 per month child support.In addition,George transferred title to his half of their stock to Georgette last year.The stock had a basis of $120,000 and a fair market value of $260,000 at the date of the transfer.This year Georgette sells the stock for $280,000.What is Georgette's income for this year if she has no other income items?

• A)$7,200
• B)$19,200
• C)$159,200
• D)$167,200

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Definitions:

Unavoidable Shocks

An inescapable event or occurrence that causes stress or trauma, often used in the context of psychological experiments.

Self-Regulation

The ability to monitor and control one's behaviors, emotions, or thoughts, adjusting them in accordance with standards or goals.

Emotional Stability

A personality trait that involves maintaining composure and not easily getting upset or stressed.

Attributional Style

An individual's habitual way of explaining events, which can influence their motivation, mood, and reactions to situations.