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In addition to other gifts, Megan made a gift of stock to Jeri in 1976. Megan had purchased the stock in 1974 for $7,500. At the time of the gift, the stock was worth $20,000. If Megan paid $850 of gift tax on the transaction in 1976, what is Jeri's gain basis for the stock?
Carey V. Population Services
A landmark 1977 United States Supreme Court case that held that it is unconstitutional to ban the sale of contraceptives to minors.
Supreme Court
The highest judicial body in a country, which has the ultimate judicial authority to interpret and decide upon matters of law.
Right To Privacy
The concept that one's personal information is protected from public scrutiny or governmental intrusion, encompassing issues of bodily integrity and data protection.
Unintended Pregnancies
Pregnancies that are not planned ahead of conception, reflecting either a lack of desire for a child at any time or mistiming of pregnancy.
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