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The following items were discovered in reviewing materials for John's estate tax return:
(1)Two years ago, John sold stock to his son, Patrick, for $30,000. At the date of sale, the stock had a value of $65,000. The value of the stocks at John's death was $90,000.
(2)John owned a beach house, worth $500,000, with his sister, Amber, who paid for it.
(3)John's home was held in a tenancy by the entirety with his wife, Julia. Julia paid for the house, which had a value of $300,000 on the date of his death.
(4)John's clothing and other personal belongings are worth $3,700 on the date of his death.
What amount is included in John's estate?
Efficiency
The ratio of the useful output of a system to the input, expressed in percentage, indicating the system's ability to convert energy or resources into output effectively.
Cooling
The process of removing excess heat from a system to maintain optimal operating conditions, often critical in electrical and electronic systems to prevent overheating.
Synchronoscope
An instrument used to determine the exact point at which two alternating currents achieve synchronism, often used in the synchronization of generators.
Voltage
The electrical potential difference between two points in a circuit, which drives current flow.
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