Identify Which of the Following Statements Is True

question 90

Multiple Choice

Identify which of the following statements is true.

• A) Individuals may not give more than $14,000 per person in gifts each year before being taxed on the transfer.
• B) For transfer tax purposes, both the charitable contribution deduction and the marital deduction are unlimited.
• C) If the annual exclusion for gifts is not used in the current year, the unused portion can be carried forward to subsequent years.
• D) All of the above are false.

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Startup Form

The initial form or screen that appears when a database or application is launched, serving as the entry point for users.

File Tab

A component of the Ribbon interface in Microsoft applications, providing access to file management and settings.

Options

In software and applications, options refer to customizable settings that allow users to adjust preferences and functionalities according to their needs.

Default Value

A pre-set value automatically assigned to a database field or programming variable if no value is specified by the user or the program.