Eric, Age 80, Has Accumulated About $6 Million in Net

question 35

Multiple Choice

Eric, age 80, has accumulated about $6 million in net assets. Among his assets are the following marketable securities held as investments. Eric would like to donate (either by lifetime or testamentary transfer) $250,000 in value to his church. In addition, to consummate a land deal, he needs $250,000 in cash. Looking solely to tax: considerations and using only the assets described above, Eric's best choice is to:

• A) Donate by gift to the church the Crane stock and sell the Hawk stock now.
• B) Donate by death to the church the Hawk stock and sell the Cardinal stock now.
• C) Donate by gift to the church the Hawk stock and sell the Crane stock now.
• D) Donate by gift to the church the Cardinal stock and sell the Hawk stock now.
• E) None of the above is an attractive technique.

Differentiate between types of unions and union-related laws affecting various workers.

Understand the influence of labor unions on employee wages, benefits, and overall company performance.

Familiarize with the role of union stewards and their functions within labor relations.

Grasp the concepts of contract administration and the enforcement of labor agreements.

---

Definitions:

Sublingual Glands

Salivary glands located beneath the tongue, responsible for secreting saliva that aids in digestion and oral hygiene.

Intrinsic Factor

Factor secreted by the parietal cells of gastric glands and required for adequate absorption of vitamin B12.

Mucous Cells

Specialized cells present in various glands and tissues that produce and secrete mucus.

Parietal Cells

Cells located in the lining of the stomach that secrete hydrochloric acid and intrinsic factor.