In 2013,Glen Transferred Several Assets by Gift to Different Persons

question 112

Multiple Choice

In 2013,Glen transferred several assets by gift to different persons.Glen dies in 2015.Information regarding the properties given is summarized below. Fair Market Value Date of Gift Date of Death Insurance policy on Glen's life $ 20,000 $200,000 Unimproved land 890,000 900,000 Stocks and bonds 600,000 800,000 ​ The transfer of the land and the stocks and bonds resulted in a total gift tax of $60,000.As to these transactions,Glen's gross estate must include:

• A)$0.
• B)$200,000.
• C)$260,000.
• D)$1,900,000.
• E)$1,960,000.

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Complex and detailed illustrations that require careful attention and skill to create.

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The ability to go beyond existing knowledge and ideas to create new and novel solutions or concepts.

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A type of intelligence that involves the ability to solve everyday problems through skilled reasoning that one may not have been formally taught.

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