Chris and jenn made the following gifts this year: chris gave their son, evan, a car worth $4,000 owned as community property. chris also gave evan his stamp collection (separate property) valued at $60,000. chris gave his brother stephen $20,000 of chris’ separate property so stephen could purchase a new home. chris gave his sister heather $4,000 in cash from his and jenn’s joint checking account which consists only of community property. he also gave heather a piece of land he purchased before his marriage to jenn, valued at $49,000. assuming jenn did not want to split gifts, what is chris’ total taxable gifts after taking into consideration any available deductions or exclusions? $36,000. $91,000 $104,000 $133,000

Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.

Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the survey asks participants to rate their overall health using a 5-point rating scale. what is the scale of measurement used for this question? ratio ordinal interval nominal

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?