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Min has written the following description of her work as a receptionist in her résumé: "drafted letters, reorganized filing system, reordered office supplies, interviewed new clients, and answered phones." She considers the task of answering phones the least important. In which of the following positions would the phrase "answered phones" best fit?
Adjusted Basis
The original cost of property plus any improvements, or minus depreciation or losses, used to calculate capital gains or losses for tax purposes.
FMV
Fair Market Value, the price at which property would sell between a willing buyer and seller in an arm's length transaction.
Gift Tax
A federal tax on the transfer of property by gift from one individual to another with the donor being primarily responsible for paying the tax.
FMV
Fair Market Value, an estimation of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.
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