In Which,if Any,of the Following Independent Situations Has Jean Made

question 54

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 dependent grandfather a new wheelchair for his birthday.
• C)Jean sends $14,000 to Temple University to cover her nephew's room and board.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.

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Definitions:

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To officially recognize, verify, or endorse something as true, valid, or in compliance with a standard.

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Legislation enacted by the national government of a country and applicable throughout its jurisdiction.

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The illegal buying or selling of a publicly-traded company's stock by someone who has non-public, material information about that stock.

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The conversion of energy from sunlight into electricity, either directly using photovoltaic cells or indirectly through concentrated solar power systems.