In 2005,Thalia Purchases Land for $900,000 and Lists Title in the Names

question 178

Multiple Choice

In 2005,Thalia purchases land for $900,000 and lists title in the names of her daughters as follows: "April and Theresa,joint tenants with right of survivorship." In 2007,April and Theresa purchase an apartment building for $1 million as equal tenants in common;April furnished $400,000 and Theresa furnished $600,000 of the cost.April dies first in 2015 when the land is worth $1.5 million and the apartment building is worth $2 million.One of the results of these transactions is:

• A)April made a gift to Theresa of $100,000 in 2007.
• B)None of the land is included in April's gross estate.
• C)April's gross estate includes $800,000 (40% × $2 million) as to the apartment building.
• D)April's gross estate includes $1,750,000 as to these properties.
• E)None of the above.

---

Definitions:

Social Media Metric

Quantitative indicators used to gauge the performance and engagement of content on social media platforms.

Amplification Rate

The rate at which content is shared or promoted across social platforms, amplifying the reach and impact beyond the original audience.

Online Privacy

The right to keep personal information shared over the internet secure and private from unauthorized access.

Ethical Best Practices

Guidelines and actions that are defined by principles of integrity and morality, aiming to promote fairness, transparency, and responsibility in various fields.