In 2018, stone, a cash basis taxpayer, incorporated her cpa practice. no liabilities were transferred. the following assets were transferred to the corporation: cash (checking account) $ 500 computer equipment adjusted basis 30,000 fair market value 34,000 cost 40,000 immediately after the transfer, stone owned 100% of the corporation's stock. the corporation's total basis for the transferred assets is group of answer choices

$30,000
$30,500
$34,500
$40,500

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.