Which, If Any, Are Characteristics of the Valuation Tables Issued

question 50

Multiple Choice

Which, if any, are characteristics of the valuation tables issued by the IRS?

• A) The IRS must issue new updated tables once a year.
• B) To determine the factor for a remainder interest, subtract the life estate factor provided in the table from one.
• C) The same table that provides the factor for a life estate can be used to determine the value of an income interest for a term certain.
• D) To use the tables, the Federal mid-term interest rate for the month of the transfer must be known.

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Definitions:

Variability

A statistical measure that indicates the extent to which data points in a dataset differ from the average value.

F-ratio

The ratio of variance between groups to the variance within groups in an ANOVA test, used to determine if there are any significant differences between group means.

Denominator

The bottom part of a fraction that indicates into how many parts the whole is divided.

Numerator

The top number in a fraction that shows how many parts of a whole are being considered or used.