Identify Which of the Following Statements Is False

question 52

Multiple Choice

Identify which of the following statements is false.

• A)The marital deduction for gift tax purposes is limited to one-half the value of the property transferred.
• B)The marital deduction is generally allowed since the transfer remains within the economic (husband/wife)unit.
• C)The marital deduction for gift tax purposes is limited to the amount of the includible gift (e.g., the amount of the gift that is in excess of the annual exclusion).
• D)Transfers of community property are eligible for the marital exclusion.

---

Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Operating Expenses

Costs associated with the day-to-day operations of a business, including rent, utilities, and payroll.

Customer-Led Pricing

A pricing strategy that asks customers how much they are willing to pay and then offers the product at that price.

Pricing Strategy

The approach businesses use to set the prices for their products or services, influencing sales and revenue.