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Veronika [31]
2 years ago
15

At her death Serena owned real estate worth $210,000 with her spouse in joint tenancy with the right of survivorship. Serena con

tributed $50,000 to the original cost of the property and her spouse contributed the remaining $100,000. What amount, if any, is included in Serena's gross estate?
Business
1 answer:
podryga [215]2 years ago
4 0

Answer: $105000

Explanation:

From the question, we are informed that Serena owned real estate worth $210,000 with her spouse in joint tenancy with the right of survivorship when she died and that she contributed $50,000 to the original cost of the property and her spouse contributed the remaining $100,000.

The amount, that will be included in Serena's gross estate will be:

= $210,000 × 50%

= $210000 × 0.5

= $105,000

It should be noted that only 50% will be included since she owes the property with her spouse in joint tenancy.

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Letter E is correct. <em>Today's consumers are better informed about products and services.</em>

Explanation:

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3 years ago
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3 years ago
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zhenek [66]

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3 years ago
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