In February of the Current Year,Tom Dies

question 18

Multiple Choice

In February of the current year,Tom dies.Two years and nine months before the date of death,Tom made a gift of stock valued at $2 million.Gift taxes paid on the transfer by Tom were $435,000 after reduction for a $345,800 unified credit ($780,800 - $345,800) .At the time of his death,the gifted stock was valued at $2.3 million.The amount included in Tom's gross estate from this transfer is

• A)$2,000,000.
• B)$2,300,000.
• C)$435,000.
• D)none of the above

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Definitions:

Clear Preference

A situation or condition where an individual shows a strong and unmistakable choice or liking toward a particular option or item.

Evolutionary Theory

A scientific explanation for the diversity of life on Earth, positing that species change over time through processes like natural selection and genetic mutation.

Gender Roles

Socially constructed norms, behaviors, and expectations that dictate the perceived appropriate ways for individuals to express masculinity or femininity in a given culture.

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The developmental stage between childhood and adulthood, typically involving individuals aged between 10 and 19, marked by significant physical, psychological, and social changes.