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NEW QUESTION: 1
Believing that his death was imminent, a widower gave his son some real estate two years ago, and filed a timely gift tax return. The widower died on January 1st of this year. Additional facts are:
*Widower's basis in the real estate $150,000
*Value of real estate when gifted 400,000
*Value of real estate on date of death 800,000
*Amount of gift tax paid by widower 121,800
Assuming the widower made no additional gifts to his son, all the following statements concerning this situation are correct EXCEPT:
A. The gift of the real estate is included in the calculation of the widower's federal estate tax as an adjusted taxable gift.
B. The son's income tax basis in the real estate is $800,000.
C. The widower recognized no gain for income tax purposes at the time the gift was made.
D. The gift tax paid is brought back into the widower's gross estate at $121,800.
Answer: B

NEW QUESTION: 2
On an SRX Series device, how should you configure your IKE gateway if the remote endpoint is a branch office-using a dynamic IP address?
A. Configure the IKE policy to use a static IP address
B. Configure the IPsec policy to use aggressive mode.
C. Configure the IPsec policy to use MDS authentication.
D. Configure the IKE policy to use aggressive mode.
Answer: D

NEW QUESTION: 3
Which process is responsible for kernel table information sharing across all cluster members?
A. CPHA
B. fwd daemon
C. cpd
D. fw kernel
Answer: B