American College HS330 Exam - Topic 1 Question 60 Discussion

Actual exam question for American College's HS330 exam

Question #: 60
Topic #: 1

[All HS330 Questions]

The following are facts concerning a decedent's estate:

Taxable estate $2,000,000

Pre-1977 taxable gifts 500,000

Post-1976 adjusted taxable gifts 300,000

Post-1976 gifts made to a qualified charity 200,000

The tentative tax base of this estate is

A$400,000

B$2,000,000

C$2,300,000

D$2,500,000

Show Suggested Answer

Suggested Answer: C

by Kimberlie at Oct 23, 2022, 01:28 PM

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Julianna

7 months ago

Surprised it's that high, thought it would be lower!

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Roselle

7 months ago

Definitely not $400,000, that's way too low!

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Maryann

7 months ago

Wait, how does the charity gift factor in?

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Hildred

7 months ago

I agree, that makes sense with the numbers.

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Helaine

7 months ago

Tentative tax base is $2,300,000.

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Azzie

8 months ago

I feel like I might be mixing up pre-1977 and post-1976 gifts. Could it be $2,500,000? That sounds familiar.

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Alyssa

8 months ago

I practiced a similar question, and I think the taxable estate is the main figure, so maybe it's just $2,000,000?

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Lajuana

8 months ago

I remember something about adding the taxable estate and the adjusted taxable gifts, but I can't recall the exact numbers.

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Wynell

8 months ago

I think the tentative tax base might be $2,300,000, but I'm not entirely sure how the charitable gifts factor in.

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Rory

8 months ago

I'm pretty sure the answer is A - using nouns instead of verbs for keywords. That's usually the best strategy for getting more relevant results.

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Janet

8 months ago

Okay, let's see. The question mentions that all links are FastEthernet except the one between R5 and R4, which is Gigabit Ethernet. That's an important clue.

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