Which of the Following Are Included in a Decedent's Taxable

question 39

Multiple Choice

Which of the following are included in a decedent's taxable estate?

• A)Real property owned by the decedent and included in the probate estate.
• B)Proceeds of a life insurance policy on the decedent's life if the decedent owned the policy.
• C)An individual retirement account owned by the decedent and payable to the beneficiary named in the account.
• D)All of the above are included.

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Definitions:

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into the contract.

Ratification

The adoption of a contract or act of another by a party who was not originally bound by the contract or act.

Breach

The violation or infringement of a law, agreement, or code of conduct.

Secret Commission

A payment made to an agent or a representative for facilitating a transaction or agreement, typically without the knowledge of some or all of the principal parties involved.