Identify Which of the Following Statements Is True

question 75

Multiple Choice

Identify which of the following statements is true.

• A) An executor may elect to postpone payment of the estate tax attributable to a remainder or reversionary interest until six months after the interests of the other person(s) terminate.
• B) A corporation with 25 owners can be classified as a closely held business if the decedent's gross estate holds 10% of the stock.
• C) The estate tax on interests in certain closely held businesses may be paid in installments over a 15- year period if elected.
• D) All of the above are false.

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Definitions:

Facade

Usually, the front of a building; also, the other sides when they are emphasized architecturally.

Contrapposto

An art term describing a human figure standing with most of its weight on one foot, such that its shoulders and arms twist off-axis from the hips and legs, giving the figure a more dynamic, or relaxed appearance.

Quattrocento

Italian, “400”—that is, the 15th century (the 1400s) in Italy.

Frescoes

A method of mural painting executed upon freshly laid lime plaster, water is used as the vehicle for the dry-powder pigment to merge with the plaster, and with the setting of the plaster, the painting becomes an integral part of the wall.