Sophia Is Single and Owns the Following Property

question 92

Essay

Sophia is single and owns the following property:
Sophia owns the real property in joint tenancy with Daniel. They purchased the property several years ago for $1 million. Sophia was only able to provide $200,000 of the purchase price. If Sophia dies, what is the amount of her gross estate?

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Definitions:

Group & Sort

A function in databases and software applications that arranges data into meaningful groups and orders it within those groups.

Subtotal

Subtotal refers to an intermediate total that summarizes the value of a specific subgroup of items within a larger list or set, often used in accounting and data analysis.

Calculated Control

In software, especially databases, it refers to a control element that displays a value based on calculations performed on data rather than storing the value itself.

Expression

A combination of symbols, values, and operators that, when evaluated, results in a single value; used in mathematics, programming, and logic.