Identify Which of the Following Statements Is False

question 68

Multiple Choice

Identify which of the following statements is false.

• A)Every grantor is entitled to a $5.25 million exemption from the GSTT in 2011.
• B)If Greg transfers assets directly to his grandson, this transaction would be an example of a direct skip.
• C)If Shaad transfers property in trust to his son, with the remainder to his grandson, at the death of the son a taxable termination will result.
• D)The GSTT is levied at a flat rate, which is higher than the top rate under the estate tax rate schedule.

Assess the impact of agricultural innovations or products on output.

Evaluate the productivity and efficiency of technological advancements in customer service operations.

Understand the key components and purposes of financial planning.

Distinguish between different financial decisions including capital budgeting, capital structure, and financing decisions.