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.

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Definitions:

Stomach Contractions

Physical movements of the stomach muscles that aid in the digestion process.

Cannon's Hypothesis

A theory suggesting that emotions originate in the thalamus, which sends signals simultaneously to the cerebral cortex (producing the conscious experience of emotion) and the autonomic nervous system (producing physiological arousal).

Surgically Removed

Refers to the process of removing tissues, organs, or growths from the body via an operative procedure.

Ghrelin

A hormone produced by the stomach that stimulates appetite and growth hormone release.