In 2001, Alejandro Buys an Annuity for $100,000 That Will

question 69

Multiple Choice

In 2001, Alejandro buys an annuity for $100,000 that will pay Alejandro an annual amount for life with survivor benefits to his wife. When Alejandro dies in the current year, a comparable contract would have cost $81,000. What amount is included in Alejandro's gross estate?

• A)$0
• B)$81,000
• C)$100,000
• D)$181,000

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Definitions:

Underdeveloped Abilities

Skills or capabilities that have not yet achieved their full potential or expected level of maturity in an individual.

Distractibility

The extent to which external stimuli or unrelated thoughts can divert an individual's attention from the task at hand.

Executive Functioning

cognitive processes including planning, working memory, attention, problem solving, verbal reasoning, inhibition, mental flexibility, task switching, and initiation and monitoring of actions.

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A measurement of a student's progress and achievements in educational subjects, often graded.