Joyce Passed Away on January 3 While on an Extended

question 26

Multiple Choice

Joyce passed away on January 3 while on an extended holiday cruise celebrating a very successful, and most profitable, previous year. Joyce was the chief executive officer of the Quillip Corporation. After the independent audit of Quillip's last year's financial statements was completed in February of this year, Joyce's estate received a $1,000,000 bonus check resulting from last year's corporate profits. Joyce's estate also sold Quillip stock for $500,000 in February of this year. Joyce originally purchased this stock eight years ago for $10,000. The stock was valued at $495,000 on her date of death. Solely based on the above facts, how much income in respect of a decedent should Joyce's estate report in the current year?

• A)$1,485,000
• B)$1,000,000
• C)$485,000
• D)$5,000

Understand the role of genetics, environment, and psychological factors in the etiology of psychological disorders.

Be aware of the societal and clinical implications of diagnosing and treating psychological disorders.

Understand the characteristics and diagnostic criteria of different anxiety disorders.

Recognize the symptoms and causes of specific phobias and their impacts on individuals.

---

Definitions:

Layer Cake

A cake having multiple layers separated by filling or frosting, known for its decorative appearance and variety in flavors.

Sponge Cake

A light, porous cake made with flour, sugar, and eggs, often leavened solely by the air whipped into the egg mixture.

Fruit Cake

A cake made with candied or dried fruits, nuts, and spices, commonly served during Christmas and other celebrations.

Marble Cake

A type of dessert cake with a swirled mix of vanilla and chocolate flavors, resembling a marble pattern.