In Which, If Any, of the Following Independent Situations Has

question 161

Multiple Choice

In which, if any, of the following independent situations has Jean made a gift?

• A) Jean gives her 19-year old son $20,000 to be used by him for his college expenses.
• B) Jean buys her grandfather a new $120,000 RV for his birthday.
• C) Jean sends $14,000 to Temple University to cover her nephew's tuition. The nephew does not qualify as Jean's dependent.
• D) Jean contributes $10,000 to her Congressman's reelection campaign.
• E) None of the above.

---

Definitions:

Caretaker Rep.

The representation or responsibilities of an individual or entity acting in a caretaking role, particularly in maintaining or overseeing property or individuals.

Straight Commission

A compensation method where an employee's income is derived entirely from a percentage of the sales they make, without a base salary.

Closing Sale

Refers to the final steps in a sales process, leading to a formal agreement or transaction.

Selling Process

A sequence of steps or stages undertaken to successfully sell a product or service to a customer.