Jayden Gave Olivia a Ring When She Agreed to Marry

question 23

Multiple Choice

Jayden gave Olivia a ring when she agreed to marry him. The ring is a family heirloom valued at $68,000. What is the amount of the taxable gift?

• A)$0-the marital deduction offsets the gift as long as Jayden and Olivia are married by year-end.
• B)$53,000.
• C)$68,000.
• D)$0-this transfer is not gratuitous.
• E)None of the choices are correct.

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Definitions:

Self-Efficacy

An individual's belief in their own ability to succeed in specific situations or accomplish a task.

Negative Reinforcers

A stimulus whose removal after a response strengthens the likelihood of that response occurring in the future.

Tentative

Not certain or fixed; provisional, subject to further confirmation.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by problems with focus, hyperactivity, and impulsiveness.