Identify Which of the Following Statements Is True

question 89

Multiple Choice

Identify which of the following statements is true.

• A)An individual cannot be both a tier-1 and tier-2 beneficiary in the same year.
• B)Tier-2 beneficiaries potentially can receive more favorable tax treatment than tier-1 beneficiaries.
• C)Bequests of specific sums of money when distributed out of an estate result in the recognition of gross income by the beneficiary receiving the bequest.
• D)All of the above are false.

---

Definitions:

Practical Intelligence

Intelligence that relates to the ability to solve everyday problems through adaptive or creative reasoning.

Social Intelligence

The ability to understand and manage interpersonal relationships and to navigate social situations effectively.

Verbal Intelligence

The capacity to analyze information and solve problems using language-based reasoning.

WAIS Test

The Wechsler Adult Intelligence Scale, a widely used test designed to measure a person’s cognitive ability.