Which of the Following Statements Is Incorrect

question 95

Multiple Choice

Which of the following statements is incorrect?

• A)Property taxes are levied on real estate.
• B)Excise taxes are assessed on items such as gasoline and telephone use.
• C)Gift taxes are imposed on the recipient of a gift.
• D)The estate tax is based on the fair market value of property at death or the alternate valuation date.

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Definitions:

Absolutist Thinking

A cognitive distortion where an individual sees situations in only black and white, without recognizing any middle ground.

Aaron Beck

A psychiatrist known for developing cognitive therapy, particularly for his work on cognitive behavioral therapy for depression.

Magnification

Cognitive distortion involving exaggerating the importance or significance of events.

Conditioning

The process of learning associations between environmental stimuli and behavioral responses.