Tobin Inherited 100 Acres of Land on the Death of His

question 22

Multiple Choice

Tobin inherited 100 acres of land on the death of his father in 2019.A Federal estate tax return was filed and the land was valued at $300,000 (its fair market value at the date of the death) .The father had originally acquired the land in 1976 for $19,000 and prior to his death had made permanent improvements of $6,000.What is Tobin's basis in the land?

• A)$19,000
• B)$25,000
• C)$300,000
• D)$325,000

Identify the common reasons behind the failure of change programs.

Recognize the importance and challenge of implementing planned changes in strategy and culture.

Acknowledge the essential role of employees and staff in initiating cultural change.

Understand the significance of optimism among managers and employees towards cultural change.

---

Definitions:

Photograph

An image created by light falling on a photosensitive surface, usually photographic film or an electronic image sensor, such as a CCD or a CMOS chip.

Bait And Switch

A deceptive marketing strategy where a seller advertises a product at a low price to attract customers, then persuades them to buy a more expensive item.

Implied Claims

Statements or assertions that are suggested or understood without being directly stated.

Behavioral Targeting

A marketing strategy that uses individuals' behavior and preferences to tailor advertisements and content.