Tina passed away suddenly on October 27, 2017, at the age of 55. Randell, her adult son, is the sole beneficiary of her estate. Randell has asked for your help in advising him on the tax consequences resulting from his mother's death. Randell has given you the following information with respect to his mother's income from January 1, 2017, to the date of her death:

1. Tina earned a salary of $8,000 per month for January through October and was paid on the last day of the month. The $8,000 for the month of October was paid to her estate on October 31, 2017.
 
2. Tina had a bond that matured on May 30, 2017. The accrued interest for 2017 up to the time of her death was $1,000. The interest was paid upon the maturity of the bond.
 
3. Tina had shares of Argon Inc. worth $25,000 at the time of her death. The ACB of the shares was $13,000.
 

Answer rating: 100% (QA)

ANSWER 2 Tina had a bond that matured on May 30 2017 The accrued interest for 2017 up to the time of her death was 1000 The interest was paid upon the ... View the full answer