Identify Which of the Following Statements Is True

question 74

Multiple Choice

Identify which of the following statements is true.

• A)If a marital deduction is elected on a QTIP trust transfer, property remaining in the QTIP trust is not included in the estate of the surviving spouse.
• B)The credit for state death taxes has been replaced with a deduction for state estate taxes.
• C)The unified credit is the only credit allowed against the estate tax.
• D)All of the above are false.

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Definitions:

Endocrine System

The endocrine system is a collection of glands that produce hormones regulating metabolism, growth and development, tissue function, sexual function, reproduction, sleep, and mood, among other things.

Coordinating

The process of organizing and aligning activities or elements to work together effectively towards a goal or function.

Regulating

The act of controlling or maintaining a specific function or process within a system.

Epidermis

The outermost layer of skin in vertebrates; it serves as a protective barrier against environmental factors.