Kelly inherits land that had a basis to the decedent of $95,000 and a fair market value of $50,000 on august 4, 2019, the date of the decedent's death. the executor distributes the land to kelly on november 12, 2019, at which time the fair market value is $49,000. the fair market value on february 4, 2020, is $45,000. in filing the estate tax return, the executor elects the alternate valuation date. kelly sells the land on june 10, 2020, for $48,000. what is her recognized gain or loss?
a. ($1,000).
b. ($2,000).
c. ($47,000).
d. $1,000.
e. none of the above.

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.

What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident management—the nims is focused on tactical planning, and the national response framework is focused on coordination.

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.