Identify Which of the Following Statements Is False

question 66

Multiple Choice

Identify which of the following statements is false.

• A) When persons other than spouses own property jointly, the amount included in the joint owner's gross estate is measured in accordance with the consideration the decedent furnished to purchase the property.
• B) If an annuity ceases payments with the death of the decedent and nothing is to be received by any other party, the annuity is included in the gross estate.
• C) Annuities not related to employment are valued in the gross estate at the cost of a comparable contract multiplied by a fraction that represents the portion of the purchase price that the decedent has contributed.
• D) Statements A and C are true.

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Definitions:

Attributions

Attributions are the explanations or reasons we construct for why things happen, including the behaviors and actions of ourselves and others.

Highly Subjective

Relating to personal opinions, feelings, and preferences rather than external facts or evidence.

Objectively Identical

Items or entities being exactly the same in reality, regardless of perceptions or opinions.

Reframed

Reframed refers to the process of changing the frame or perspective from which a situation or concept is viewed, often used in cognitive behavioral therapy to help individuals alter negative thought patterns.