On March 1, Sue Transfers Stock Worth $20,000 to Frank

question 1

Multiple Choice

On March 1, Sue transfers stock worth $20,000 to Frank. How long must Sue live to avoid inclusion of the $20,000 of stock in her gross estate?

• A)six months
• B)one year
• C)three years
• D)No minimum time period exists, but she must be alive at transfer of ownership.

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Definitions:

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Inventory Investment

The change in the total value of unsold goods and materials held by businesses over a specific period.

GDP

Gross Domestic Product; the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Government Bonds

Securities issued by a government to raise funds from the public to finance its activities and service its debt.