Classify Each Statement Appearing Below

question 5

Short Answer

Classify each statement appearing below.
a. No taxable transfer occurs
b. Gift tax applies
c. Estate tax applies
-Darlene holds a special power of appointment over the income from a trust created by her brother. During the year, Darlene exercises the power in favor of one of the beneficiaries designated in the trust instrument.

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Definitions:

5 Ws And H

A fundamental concept in information gathering and reporting, covering who, what, where, when, why, and how.

Inverted Pyramid

A method of writing used in journalism and other disciplines, where information is presented in descending order of importance.

SUCCESs Principles

are a set of criteria identified in the book "Made to Stick" by Chip and Dan Heath, designed to make ideas clearer and more memorable, including Simplicity, Unexpectedness, Concreteness, Credibility, Emotions, and Stories.

AP Style

A set of guidelines for writing and formatting news stories developed by the Associated Press, widely used in journalism and public relations.