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:

Electronic Equipment

Devices or systems that use electric currents or electromagnetic fields to function, such as computers, audio receivers, and smartphones.

Concise Language

The use of few words without losing the intended meaning or essence of the message.

Ancient People

Early humans and their societies, cultures, and civilizations before the advent of recorded history.

Motionless

Without movement; stationary.