Tracey Is Unmarried and Owns $17 Million in Stock and Bonds

question 10

Multiple Choice

Tracey is unmarried and owns $17 million in stock and bonds. What is the result if Tracey dies this year and leaves all of her property to a qualified charity?

• A)Tracey's gross estate will be zero.
• B)Tracey's estate tax basis will be zero.
• C)Tracey's taxable estate will be zero.
• D)Tracey's estate will have a tentative estate tax of zero.
• E)None of the choices are correct.

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Definitions:

APA Ethics Code

A set of guidelines developed by the American Psychological Association to ensure ethical conduct in the practice of psychology.

Fidelity

The degree to which the implementation of a program or intervention adheres to the original design or protocol.

Responsibility

The obligation to carry out duties or tasks satisfactorily and being accountable for the outcomes.

Confidentiality

The principle or practice of keeping personal, sensitive, or specified information secure and not disclosing it to unauthorized persons.