Dale Gave Property with a Basis of $16,000 to Sarah

question 92

Multiple Choice

Dale gave property with a basis of $16,000 to Sarah when it had a FMV of $12,000.No gift taxes were due.Sarah later sold the property for $22,000 resulting in a recognized gain of

• A)$0.
• B)$4,000.
• C)$6,000.
• D)$12,000.

Apply ethical guidelines in designing and delivering a training program.

Understand the concept of seductive details, their effect on learning, and the research findings related to their impact.

Understand the psychological mechanisms behind aggressive behaviors in the workplace.

Identify and describe the types of workplace bullying and their organizational effects.

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Definitions:

Business Law

A branch of law that deals with the rights, relations, and conduct of individuals and businesses engaged in commerce, merchandising, trade, and sales.

Corporations

Legal entities that are separate from their owners, with the ability to own assets, incur liabilities, and conduct business.

Liable

Legally responsible or obligated.

Preponderance Of The Evidence

The standard of proof in civil cases, requiring that a claim is more likely to be true than not true.