Mr Lee Made the Following Transfers This Year

question 50

Multiple Choice

Mr. Lee made the following transfers this year. Which of the transfers are treated as gifts for federal tax purposes?

• A) Political contribution to the Democratic party
• B) Charitable contribution to the United Way
• C) Payment to a hospital for the medical expenses of his 39-year old son
• D) None of the above are treated as gifts.

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Definitions:

Stage

An identifiable time period in development or processes during which certain behaviors, experiences, or phenomena are more prevalent or potent.

Lawrence Kohlberg

An American psychologist best known for his theory of stages of moral development.

Moral Development

The process through which individuals develop proper attitudes and behaviors towards other people in society, based on social and cultural norms, rules, and laws.

Preconventional

The first level in Kohlberg's theory of moral development, where moral understanding is based on rewards and punishments associated with different actions.