Classify Each of the Following Statements

question 137

Multiple Choice

Classify each of the following statements.
-Homer purchases a U.S. savings bond listing title as: "Homer, payable to Bernice upon Homer's death." Bernice is Homer's sister.

• A)No taxable transfer occurs.
• B)Gift tax applies.
• C)Estate tax applies.

---

Definitions:

Causal Organism

A pathogen or microorganism that causes disease or illness in its host.

Chlamydia

A common sexually transmitted infection caused by the bacterium Chlamydia trachomatis, often asymptomatic but treatable with antibiotics.

Marginalization

The process or state in which certain groups or individuals are pushed to the edge of society by not allowing them an active voice, identity, or place in it.

Social Factor

An element that influences society and its individuals' behavior, values, and social relationships, such as family, education, and wealth.