Identify Which of the Following Statements Is True

question 2

Multiple Choice

Identify which of the following statements is true.

• A)Reversionary interests of less than 5% are includible in the gross estate.
• B)A reversionary interest means a chance exists that the property may pass back to the transferor under the terms of the transfer.
• C)If a reversionary interest exceeds 3% of the property's value, the amount that is included in the estate is not the value of the reversionary interest, but rather the date-of-death value of the gifted property less the value of intervening life estates.
• D)All of the above are false.

---

Definitions:

Telemarketing Industry

The industry involving the direct marketing of goods or services to potential customers over the telephone, email or through web conferencing.

Direct Selling

A retail channel where salespeople sell products directly to consumers, bypassing traditional retail locations.

Pampered Chef

A direct seller of high-quality kitchen tools and accessories, offering products through in-home cooking demonstrations.

Social Shopping

A method of e-commerce where users shop in a social networking-like environment, often including user recommendations, group buying, and interactive discussions.