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:

Tongue Piercing

The practice of puncturing or cutting a part of the tongue to insert jewelry for aesthetic, cultural, or personal reasons.

Bungee Jumping

An adrenaline-fueled activity involving jumping from a high place while connected to a large elastic cord.

Craze

A widespread emotional connection to a cultural phenomenon.

Fad

A trend or craze that becomes popular for a short period of time before losing its appeal.