Question: hi I need help with this question for the course Basic Taxation for Financial Management course : Basic Taxation for Financial Management DONT USE ARTIFICIAL

hi I need help with this question for the course Basic Taxation for Financial Management

course : Basic Taxation for Financial Management

DONT USE ARTIFICIAL INTELLIGENCE

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Rory gifted 500 shares of X Co. that originally cost $19 to their child. At the time of the gift the fair market value (FMV) of the shares was $28 per share. What amount must Rory include in taxable income?

Multiple Choice

$0
$2,250
$4,500
$3,000

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