Brooke Made Taxable Gifts as Follows: $300,000 in 1973,$200,000 in 1974,$600,000

question 96

Multiple Choice

Brooke made taxable gifts as follows: $300,000 in 1973,$200,000 in 1974,$600,000 in 1985,and $700,000 in 2001.In 2008,Brooke dies leaving a taxable estate of $3,000,000.Brooke's tax base for applying the unified tax rate schedules (for estate tax purposes) is:

• A)$3,000,000.
• B)$3,500,000.
• C)$4,300,000.
• D)$4,800,000.
• E)None of the above.

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Definitions:

Social Cognitive Theory

Albert Bandura’s expansion of social learning theory; holds that children learn gender roles through socialization.

Reinforcement

In behavioral psychology, a process by which a stimulus increases the probability of a preceding behavior by either a positive or negative reinforcement.

Parents

Individuals who have a biological or legal relationship to a child, responsible for the child's care, upbringing, and development.

Peers

Individuals who are approximately the same age or at the same stage of development, often influencing each other's behaviors and attitudes through social interactions.