In 2001, Polly and Fred, Brother and Sister, Purchased a Condominium

question 29

Multiple Choice

In 2001, Polly and Fred, brother and sister, purchased a condominium at a golf resort. Polly contributed 60% of the $200,000 cost; Fred contributed 40%. Polly dies in the current year when the condominium has a $300,000 value. How much is included in Polly's estate?

• A)$120,000
• B)$180,000
• C)$200,000
• D)$300,000

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Definitions:

Human Relations

The study and management of how people interact in the workplace, aiming to improve job satisfaction, efficiency, and productivity.

Agreeable

Describes a personality trait characterized by kindness, cooperativeness, warmth, and a willingness to accommodate others.

Leadership Traits

Characteristics or qualities that are often seen in effective leaders, such as confidence, integrity, and ability to inspire.

Personal Energy

The quantity and quality of an individual's physical and mental vitality which can be invested in performing tasks or activities.