Which of the Following Is True If You Are an Unmarried

question 156

Multiple Choice

Which of the following is true if you are an unmarried couple?

• A)A partner has the same legal rights as a spouse.
• B)Unmarried couples can use the marital deduction.
• C)Estate planning is less important for unmarried couples.
• D)If your partner is not named as the beneficiary,your pension plan proceeds will go to your closest blood relative.
• E)Your partner will always receive your pension even if not named as the beneficiary.

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Definitions:

Direct Materials

Basic materials that can be directly linked to the creation of a product and are essential components of the end product.

Budgeted Manufacturing

The estimated amounts and costs associated with the production process, as planned for a specific period.

Variable Manufacturing

Costs in manufacturing that vary with the level of production output, such as raw materials and direct labor costs.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including expenses like rent, wages, and insurance.