Shane, a Partner in a Law Firm, Makes the Following

question 2143

Multiple Choice

Shane, a partner in a law firm, makes the following gifts with their values noted: What amount of the gifts is deductible?

• A) $150
• B) $125
• C) $178
• D) $75

---

Definitions:

Entrepreneurial Ability

The unique set of skills, insights, and attitudes necessary to identify opportunities and mobilize resources effectively to establish and grow a venture.

Passive Resources

Resources that are not actively managed but contribute to production or value through their existence or inherent attributes.

Entrepreneur

An individual who creates and manages a business venture in order to gain profit by taking on financial risks.

Butter Production

The process of making butter from cream or milk by churning, commonly used as a measure in agricultural and economic studies.