Property Transferred to the Decedent's Spouse Is Exempt from the Estate

question 70

True/False

Property transferred to the decedent's spouse is exempt from the estate tax because of the estate tax marital deduction provision.

---

Definitions:

Midterm Exam

A form of assessment that occurs roughly halfway through an academic term to evaluate students' understanding and knowledge of the material covered.

Average Student

A term often used to describe a student who achieves at a level considered typical or within the mid-range of his or her peers.

Type I Error

A Type I error occurs when a true null hypothesis is incorrectly rejected in a statistical test, leading to a false positive.

Type II Error

The statistical error that occurs when a test fails to reject a false null hypothesis, also known as a false negative.