Marianne's Uncle Mike Gives Her $20,000 of 8% Bonds on July

question 5

Multiple Choice

Marianne's uncle Mike gives her $20,000 of 8% bonds on July 1st of the current year. The bonds pay interest on June 30 and December 31.
I.Marianne has $20,000 of income from the receipt of the bonds.
II.Marianne has $1,600 of interest income from the bonds in the year of the gift.
III.Marianne has $800 of interest income from the bonds in the year of the gift.
IV.Mike has $800 of interest income from the bonds in the year of the gift.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Statements I and III are correct.
• D)Statements I and II are correct.
• E)Statements III and IV are correct.

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Definitions:

Subtle Discrimination

Forms of discrimination that are less direct or overt, often embedded in social norms or practices.

Secondary Characteristics

Traits or features that are not primary or essential but still help define or identify something.

Americans With Disabilities Act

A U.S. law passed in 1990 that prohibits discrimination against individuals with disabilities in all areas of public life.

Reasonable Accommodations

Adjustments or modifications provided in a work environment to enable individuals with disabilities to perform their job duties effectively.