On July 25,2012,Marilyn Gives Stock with a FMV of $7,500

question 7

Multiple Choice

On July 25,2012,Marilyn gives stock with a FMV of $7,500 and a basis of $5,000 to her nephew Darryl.Marilyn had purchased the stock on March 18,2012.Darryl sold the stock on April 18,2013 for $7,800.As a result of the sale,what will Darryl report on his 2013 tax return?

• A)$300 STCG
• B)$300 LTCG
• C)$2,800 STCG
• D)$2,800 LTCG

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Definitions:

Dishabituation

A renewal of response in a habituated organism following the presentation of a novel stimulus.

Disinhibition

A reduction in restraint or the inhibition of impulses, often leading to impulsive or risky behavior.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented alongside an unconditioned stimulus that elicits an automatic response.

Conceptual Thought

The ability to engage in complex, abstract thinking, often involving the manipulation of ideas and solving problems.