Identify Which of the Following Statements Is True

question 75

Multiple Choice

Identify which of the following statements is true.

• A) An executor may elect to postpone payment of the estate tax attributable to a remainder or reversionary interest until six months after the interests of the other person(s) terminate.
• B) A corporation with 25 owners can be classified as a closely held business if the decedent's gross estate holds 10% of the stock.
• C) The estate tax on interests in certain closely held businesses may be paid in installments over a 15- year period if elected.
• D) All of the above are false.

---

Definitions:

Pleasure Principle

A psychoanalytic concept that suggests individuals seek pleasure and avoid pain to satisfy their biological and psychological needs.

Regression

In psychology, a defense mechanism where an individual's behavior reverts to an earlier stage of development, often in response to stressful situations.

Neurological Sense

A term that may not be precisely defined but could refer to the ability to receive and interpret stimuli through the nervous system.

Collective Unconscious

A concept in Jungian psychology referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.