On July 25,2018,Marilyn Gives Stock with a FMV of $7,500

question 7

Multiple Choice

On July 25,2018,Marilyn gives stock with a FMV of $7,500 and a basis of $5,000 to her nephew Darryl.Marilyn had purchased the stock on March 18,2018.Darryl sold the stock on April 18,2019 for $7,800.As a result of the sale,what will Darryl report on his 2019 tax return?

• A)$300 STCG
• B)$300 LTCG
• C)$2,800 STCG
• D)$2,800 LTCG

Recognize the formal and informal rulemaking processes utilized by administrative agencies.

Identify the appointment process and roles of administrative law judges in comparison to federal judges.

Comprehend the prerequisites for judicial review of agency actions, including standing and exhaustion of administrative remedies.

Describe the scope and limitations of agency discretionary powers, especially regarding information disclosure.

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Definitions:

Observable

Capable of being seen, noticed, or measured directly or indirectly in a scientific or empirical manner.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Stimulus-Response Association

The link established between a specific stimulus and a particular response through conditioning.

Extinction

In behavioral psychology, the gradual weakening and eventual disappearance of a learned response, typically as a result of the withdrawal of reinforcement.