In Satisfying the More-Than-35% Test for Qualification, Interests in Multiple

question 117

True/False

In satisfying the more-than-35% test for qualification, interests in multiple closely held businesses are aggregated when the decedent's gross estate includes 20% or more of the value of each such business.

---

Definitions:

Average Operating Assets

The average value of assets used in the production or operations of a company over a specific period, often used in performance metrics like return on investment.

Sales

Sales pertain to the revenue a company generates through the selling of goods or services to its customers.

Minimum Required Rate Of Return

The lowest acceptable return on an investment, determined by the investor's risk tolerance and alternative investment options.

Unit Selling Price

The amount of money charged to the customer for a single unit of product or service.