At the Time of Her Death, Megan: ∙ Owned an Insurance

question 10

Multiple Choice

At the time of her death, Megan: ∙ Owned an insurance policy on the life of her father with a replacement cost of $250,000 and maturity value of $800,000. The designated beneficiary of the policy is Megan's estate.
∙ Was an equal tenant in common with her brother in a tract of land worth $800,000. The land was inherited from their grandmother 10 years ago when it had a value of $200,000.
∙ Was a joint tenant with her two sisters in stock worth $1,500,000. The stock was inherited from their grandmother 10 years earlier when it had a value of $500,000.
As to these transactions, Megan's gross estate must include:

• A) $250,000.
• B) $1,150,000.
• C) $1,400,000.
• D) $2,150,000.

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Definitions:

Stereotype Threat

A situational predicament in which individuals are at risk of conforming to stereotypes about their social group, often negatively affecting their performance.

Self-objectification

The tendency to view oneself primarily as an object to be looked at and evaluated based on appearance.

Physical Attractiveness

The degree to which a person's physical features are considered aesthetically pleasing or beautiful.

Psychological Effects

The mental and emotional outcomes or changes that occur in individuals as a result of events, experiences, or actions.