Harold and Mary Are Married and Live in a Community

question 1

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 $100,000 in community funds and titled the property in his name alone. Mary died on January 30ᵗʰ of this year and was survived by Harold who did not remarry. The parcel of real property was worth $250,000 on January 30ᵗʰ of this year but was only worth $220,000 at year end. What amount, if any, is included in Mary's gross estate?

• A) $250,000.
• B) $220,000.
• C) $125,000.
• D) $110,000.
• E) zero - Mary had no ownership interest in the property at her death.

---

Definitions:

Positional Model of Power

A theoretical framework that analyzes power relations based on individuals' positions within social, economic, or organizational structures.

One-Dimensional Model of Power

A theory that views power as concentrated among a few leaders or organizations, making decisions without much input from outside groups.

Report

An account or statement describing in detail an event, situation, or the like, usually as the result of observation, inquiry, etc.

Gaming

The act of playing video games, which can range from casual playing to competitive esports, involving various genres and platforms.