In February of This Year, Tom Dies

question 71

Multiple Choice

In February of this year, Tom dies. Two years and nine months before the date of death, Tom made a gift of stock valued at $2 million. Gift taxes paid on the transfer by Tom were $435,000 after reduction for a $345,800 unified credit ($780,800 - $345,800) . At the time of his death, the gifted stock was valued at $2.3 million. The amount included in Tom's gross estate from this transfer is

• A)$2,000,000.
• B)$2,300,000.
• C)$435,000.
• D)none of the above.

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Definitions:

Symbolic Interactionists

Scholars and thinkers who study how people use symbols to create meaning, communicate, and develop their views of the world and themselves.

Primary Motivation

The main or underlying reason that drives an individual to act or behave in a certain way, often linked to fulfilling basic needs or achieving personal goals.

Conflict Theory

A sociological perspective that focuses on the tensions and power struggles between different social groups, often related to the distribution of resources, power, and inequality.

Economic Resources

Assets or inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.