Mark Dies on March 6, 2016

question 83

Multiple Choice

Mark dies on March 6, 2016. Which, if any, of the following items is not included in his gross estate?

• A)Interest earned (before death) on City of Cleveland bonds.
• B)Cash dividend on stock owned by Mark-declaration date was February 4, 2016, and record date was March 4, 2016.
• C)Federal income tax refund for 2015-received on March 5, 2016.
• D)Insurance recovery on auto accident that occurred on February 25, 2016.
• E)Insurance recovery from theft of sailboat on March 7, 2016.

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Definitions:

Pictorial Depth

The aspect of art and visual perception that conveys a sense of three-dimensionality on a flat surface, using cues like perspective and shading.

Height In Plane

The measurement of an object's elevation or altitude in relation to a base level, typically in the context of aviation or topography.

Moon Illusion

The moon illusion is an optical illusion where the moon appears larger when it is close to the horizon than when it is higher in the sky, despite having the same actual size.

Horizon

The line at which the earth's surface and the sky appear to meet, or metaphorically, the limit of a person's knowledge, experience, or interest.