Steve gave stock with an adjusted basis of $7,000 and an FMV of $10,000 to Alice. No gift tax was paid. Later, Alice sold the stock for $12,000. The gain Alice will recognize on the sale is
A. $5,000.
B. $0.
C. $2,000.
D. none of the above
Answer: A
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What is a disadvantage of using résumés as a source of information about job applicants?
A. It is a relatively expensive method of gathering information. B. A résumé is biased in favor of the employer. C. The content of the résumé is controlled by the applicant. D. Review of résumés is least valid when the content of the résumés is evaluated in terms of the elements of a job description. E. It does not allow applicants to highlight accomplishments.
John spends $4,000 on a perpetuity that pays $150 each year. The yield to maturity of this perpetuity is
A. 1.5%. B. 3.75%. C. 6.2 %. D. 15%.
Explain the concept behind a dual distribution system
What will be an ideal response?
What does Article 2 say with regard to the following? a. Good faith. b. Unconscionability. c. Expansion of commercial practices