Match Each Statement with the Correct Choice

question 106

Multiple Choice

Match each statement with the correct choice. Some choices may be used more than once or not at all.
-Election to split gifts

• A)In the current year, Debby, a widow, dies. Two years ago she inherited a large amount of wealth from her brother.
• B)Death does not defeat an owner's interest in property.
• C)Exists only if husband and wife are involved.
• D)A type of state tax on transfers by death.
• E)Must decrease the amount of the gross estate.
• F)Annual exclusion not allowed.
• G)Cumulative in effect.
• H)Right of survivorship present as to type of ownership.
• I)Overrides the terminable interest rule of the marital deduction.
• J)Exemption equivalent.
• K)Bypass amount.
• L)No correct match provided.

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Definitions:

Election

The formal process of selecting a candidate for office or deciding on a proposal by casting ballots.

Certification Election

A formal process in which employees vote to determine whether they wish to be represented by a labor union.

NLRB

The National Labor Relations Board, a United States government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Secret Ballot Elections

A voting process ensuring privacy and anonymity, preventing influence or retaliation, commonly used in union representation decisions.