Three Months After Brianna Timkin Died, Her Executor Received the Final

question 9

Multiple Choice

Three months after Brianna Timkin died, her executor received the final $40,000 installment from a sale of land that Brianna completed several years ago. Which of the following statements is true?

• A) The $40,000 is both included in Brianna's gross estate and subject to tax on her estate's income tax return.
• B) The $40,000 is subject to neither income nor estate tax, because it was received after Brianna's death.
• C) The $40,000 is only subject to tax on her estate's income tax return.
• D) The $40,000 is included only in Brianna's gross estate.

Distinguish between different self-enhancement and self-protection strategies.

Appreciate the effects of self-awareness and self-monitoring on personal and social adjustment.

Explain how motivation, both intrinsic and extrinsic, influences personal goals and actions.

Understand the psychological responses to social inclusion and exclusion.

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Definitions:

Limit Catches

Restrictions set on the amount or number of a particular fish or other species that can be legally caught and kept.

Least Costly

Referring to the method or option that incurs the lowest possible expense or expenditure while achieving the desired outcome or objective.

Total Allowable Catch

Refers to the maximum quantity of a particular fish species that can be caught over a specified period, used in fisheries management to sustain fish populations.

Economic Efficiency

Economic efficiency occurs when a system is able to maximize output with given resources and technology, minimizing waste and inefficiencies.