Harold and Mary Are Married and Live in a Community-Property

question 124

Multiple Choice

Harold and Mary are married and live in a community-property state. During the marriage Harold bought a parcel of real estate for $210,000 in community funds and titled the property in his name alone. Mary died on January 30^th of this year and was survived by Harold, who did not remarry. The parcel of real property was worth $420,000 on January 30^th of this year but was only worth $357,000 at year-end. What amount, if any, is included in Mary's gross estate?

• A)$420,000.
• B)$357,000.
• C)$210,000.
• D)$178,500.
• E)zero-Mary had no ownership interest in the property at her death.

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Definitions:

Dysfunctional Conflict

A type of conflict that hinders organizational performance, disrupts operations, or negatively impacts interpersonal relationships.

Departmentalization

The method an organization uses to divide its operations and functions into manageable sections based on task, geographic location, product, or service.

External Environments

All elements outside of an organization that can affect its performance and strategy, including economic, technological, socio-cultural, and legal factors.

Mechanistic Structures

Organizational frameworks characterized by rigorous procedures, clear hierarchies, and distinct roles, aiming for efficiency and predictability.