Which One of the Following Statements Is Not True Concerning

question 2

Multiple Choice

Which one of the following statements is not true concerning lifetime gifts?

• A)A taxpayer may make a $6 million gift to a state university free of the gift tax.
• B)The annual gift exclusion of $13,000 is allowed in 2012 even if the donor had made gifts in prior years to the same donee.
• C)For purposes of computing a Federal gift tax liability, gifts are valued at the fair market value of the object given at the time of the gift.
• D)The election to split gifts that is available to a married donor requires only the consent of the spouse owning the property transferred.
• E)The marital and charitable deductions for Federal gift tax purposes are the same as for the Federal estate tax.

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Definitions:

Babbling

A stage in language acquisition during infancy, where infants produce sounds and syllables that do not form recognizable words but are important for language development.

Telegraphic Speech

A form of communication seen in young children during language development, characterized by simple, essential words without grammatical markers.

Phonemes

The smallest unit of sound in a language that can distinguish words.

Morphemes

The tiniest parts of language grammar that hold semantic value.