Which of the Following Statements Is False

question 85

Multiple Choice

Which of the following statements is false?

• A)Use taxes are assessed on out-of-state purchases used in the purchaser's state.
• B)The estate tax is based on the fair market value of property transferred at the owner's death.
• C)Tariffs are taxes levied on goods and materials brought into a country.
• D)Gift taxes are imposed on the recipient of the gift.

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