Following Are the Fair Market Values of Wilma's Assets at Her

question 98

Multiple Choice

Following are the fair market values of Wilma's assets at her date of death:

The executor of Wilma's estate did not elect the alternate valuation date.The amount includible in Wilma's gross estate is

• A)$150,000.
• B)$550,000.
• C)$800,000.
• D)$950,000.

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Definitions:

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Principals

In a commercial context, the parties who enter into a contract or agreement, authorizing agents to act on their behalf in transactions.

Contracts

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Actual Authority

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