The Provisions of a Will Currently Undergoing Probate Are: "Two

question 16

Multiple Choice

The provisions of a will currently undergoing probate are: "Two thousand shares of Dorn stock to my son; $30,000 in cash from my savings account to my brother; $50,000 in cash to my daughter; and any remaining property divided equally between my son and daughter."
Assume that, at the time of death, the estate included 1,200 shares of Dorn stock, $60,000 cash in the savings account, and $70,000 in cash from other sources. What would the son have received from the settlement of the estate?

• A) 1,200 shares of Dorn stock and $35,000 cash.
• B) 2,000 shares of Dorn stock and $10,000 cash.
• C) 2,000 shares of Dorn stock and $25,000 cash.
• D) 1,200 shares of Dorn stock and $10,000 cash.
• E) 1,200 shares of Dorn stock and $25,000 cash.

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Definitions:

Union Membership

The status of being a member of an organized group of workers who come together to make decisions about the work conditions of their employment.

Employed Wage

The compensation or earnings received by an individual in exchange for performing work or services as an employee.

Salary Workers

Employees who are paid a fixed amount of money or salary, rather than being paid hourly.

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The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.