Vincent Makes the Following Property Transfers in the Current Year

question 101

Multiple Choice

Vincent makes the following property transfers in the current year: • $5,000 tuition for a grandson paid directly to the school
• $1,000 medical expense for a child paid directly to a hospital
• $500 donation to the Democratic party
• $10,000 property settlement in conjunction with a divorce
• $3,000 room and board at college for a grandson paid directly to the school
Vincent's gifts for the year before considering the annual gift tax exclusion total

• A)$19,500.
• B)$19,000.
• C)$3,000.
• D)$0.

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Definitions:

Resistance

The refusal to accept or comply with something; the attempt to prevent something by action or argument, often seen in contexts of physical training or disease treatment.

General Adaptation Syndrome

A three-stage response model that the body follows in reaction to stress, comprising alarm, resistance, and exhaustion phases.

Organism's Resources

The natural or acquired abilities, qualities, and assets that an organism possesses and utilizes for survival and adaptation.

Exhaustion

A state of extreme physical or mental fatigue, often resulting from prolonged stress or activity.