Mandy and Hal (Mother and Son) Purchased Land for $600,000

question 40

Multiple Choice

Mandy and Hal (mother and son) purchased land for $600,000 as joint tenants with right of survivorship. Of the $600,000 purchase price, Mandy provided $300,000 and Hal $300,000 (of which $200,000 had been received as a gift from Mandy) . Hal dies first when the land is worth $3,000,000. As to the land, Hal's gross estate must include:

• A) $500,000.
• B) $1,500,000.
• C) $2,500,000.
• D) $3,000,000.

---

Definitions:

Projective Tests

Psychological assessments that use ambiguous stimuli, such as inkblots or vague images, to elicit responses that reveal aspects of an individual's personality.

Validity

The ability of a test to measure what it is intended to measure.

Reliability

The ability of a test to yield nearly the same score when the same people are tested and then retested on the same test or an alternative form of the test.

Ego Defense

Psychological strategies employed by the ego to protect itself from anxiety and unacceptable thoughts and feelings.