Roger Dies on March 3,2009

question 70

Multiple Choice

Roger dies on March 3,2009.Which,if any,of the following items is not included in his gross estate?

• A)Interest earned (after death)on City of Houston bonds.
• B)Cash dividend on stock owned by Roger-declaration date was February 5,2009,and record date was March 2,2009.
• C)Federal income tax refund for 2008-received on March 5,2009.
• D)Insurance recovery on auto accident that occurred on February 26,2009.
• E)Insurance recovery from theft of sailboat on March 4,2009.

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Definitions:

Low-dividend Stocks

Stocks of companies that pay lower dividends relative to their share price, often reinvesting earnings into the business for growth.

High-dividend Stocks

High-dividend stocks are shares issued by companies that return a relatively high percentage of their profits to shareholders in the form of dividends.

Personal Income Tax

A tax levied by governments on individuals or households based on their income, with the rate often varying based on income levels.

Dividend Payout Rate

A measure of the percentage of earnings a company pays to its shareholders in the form of dividends.