In February of This Year, Tom Dies

question 78

Multiple Choice

In February of this year, Tom dies. Two years and nine months before the date of death, Tom made a gift of stock valued at $2 million. Gift taxes paid on the transfer by Tom were $435,000 after reduction for a $345,800 unified credit ($780,800 - $345,800) . At the time of his death, the gifted stock was valued at $2.3 million. The amount included in Tom's gross estate from this transfer is

• A) $435,000.
• B) $2,000,000.
• C) $2,300,000.
• D) none of the above

---

Definitions:

Rank-Order Consistency

The degree to which the relative ordering of individuals on a particular trait remains stable over time.

Personality Traits

Enduring characteristics that describe an individual's behavior, temperament, and emotional patterns.

Maturity Principle

The concept that individuals become more conscientious, agreeable, and emotionally stable as they age.

Experience

Experience refers to the knowledge or skill acquired by observing, encountering, or undergoing events or situations.