Benjamin Wiley Is Married and Has Assets Totaling $9 Million

question 26

Multiple Choice

Benjamin Wiley is married and has assets totaling $9 million.What type of will would most likely result in the lowest overall amount of federal estate taxes? Assume the exemption amount is $3 million.

• A)Simple
• B)Traditional marital share
• C)Exemption trust
• D)Stated dollar amount
• E)Living

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Definitions:

Clinical Research

The in-depth examination of an individual or a group by a clinician who assists with psychological or medical problems.

Ethnocentric Bias

The tendency to view one's own culture or ethnicity as superior and to use one’s own cultural standards to judge others.

Biased Sample

A sample that does not accurately represent the population from which it was drawn due to systematic exclusion or over-representation of certain groups.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.