The Following Items Were Discovered in Reviewing Materials for John's

question 13

Essay

The following items were discovered in reviewing materials for John's estate tax return:
(1) Two years ago, John sold stock to his son, Patrick, for $30,000. At the date of sale, the stock had a value of $6 The value of the stocks at John's death was $90,000.
(2) John owned a beach house, worth $500,000, with his sister, Amber, who paid for it.
(3) John's home was held in a tenancy by the entirety with his wife, Julia. Julia paid for the house, which had a v
$300,000 on the date of his death.
(4) John's clothing and other personal belongings are worth $3,700 on the date of his death. What amount is included in John's estate?

---

Definitions:

Least Squares

A mathematical method used to find the best-fitting curve to a given set of points by minimizing the sum of the squares of the offsets ("the residuals") of the points from the curve.

National Hockey League

The premier professional ice hockey league in North America, comprising teams from the United States and Canada, known for its high level of competition and skill.

Goals/G

A statistical measure in sports that calculates the average number of goals scored per game by a team or player.

Win%

A statistical representation, often in sports, denoting the percentage of games or matches won by a team or individual.