Bart's Spouse, Carla, Dies During the Current Year

question 150

Multiple Choice

Bart's spouse, Carla, dies during the current year. Carla's life insurance policy names Bart the sole beneficiary of the $2 million proceeds. Bart invests the $2 million in a bank certificate of deposit (CD) . For the current year, Bart earns $98,000 interest from the CD. What are the tax effects of these events for Bart?
I.The $2 million is excluded from gross income.
II.Bart has no taxable income from these transactions.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

Differentiate between change leadership and status quo management.

Recognize the types of organizational changes and their implications for performance.

Appreciate the role of a manager as a change agent in fostering diversity, inclusion, and organizational change.

Identify practices for leading transformational change effectively.

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Definitions:

Dream Research

The scientific study of dreams, analyzing their nature, function, and significance.

Defense Mechanisms

Methods employed by the individual psyche to defend against perceived threats and to maintain psychological stability.

TAT Cards

A projective psychological test consisting of ambiguous images used to elicit stories from individuals, revealing their underlying emotions, attitudes, and patterns of thought.

REM Sleep

A phase of sleep characterized by rapid eye movements, vivid dreaming, and increased brain activity.