Which of the Following Statements Is True

question 84

Multiple Choice

Which of the following statements is true?

• A)If the donor does not pay the gift tax, the donee is personally liable for the tax.
• B)When a married couple elects gift splitting, each spouse is potentially liable for 50% of the gift tax.
• C)Gift tax returns are due March 15 in the year following the gift.
• D)Donors can request an automatic extension of time to pay their gift tax even when they don't request to have an income tax extension.

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Definitions:

Moderate Exercise

Physical activity of moderate intensity that is neither too easy nor too hard, often recommended to improve or maintain fitness and health.

Identity Status

A degree to which individuals have explored possible selves and whether they have committed to specific beliefs and goals, assessed by administering interview and survey measures, and categorized into four identity statuses.

Shoplifted

The act of stealing merchandise from a retail establishment without paying for it.

Pressuring

The act of attempting to persuade or coerce someone into doing something, often leading to stress or discomfort.