Identify Which of the Following Statements Is True

question 74

Multiple Choice

Identify which of the following statements is true.

• A)If a marital deduction is elected on a QTIP trust transfer, property remaining in the QTIP trust is not included in the estate of the surviving spouse.
• B)The credit for state death taxes has been replaced with a deduction for state estate taxes.
• C)The unified credit is the only credit allowed against the estate tax.
• D)All of the above are false.

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Definitions:

Drag

The action of clicking and holding a mouse button on an object and moving it to a new location on a computer screen.

Move

The process of changing the position or location of a file, folder, or selected data to a different place within a system.

Press Tab

A command in computer applications that moves the cursor to the next tab stop or field, often used in form filling or to indent lines in a document.

Press ESC

An action instruction that tells the user to press the Escape key on a keyboard, commonly used to exit or close a function or dialog within software applications.