Identify Which of the Following Statements Is False

question 89

Multiple Choice

Identify which of the following statements is false.

• A)Gift tax returns are due annually by April 15 following the year of the gift. No extensions are allowed.
• B)The donor pays the gift tax generally.
• C)Gift tax returns are filed on a calendar-year basis.
• D)Receipt of an extension of time for filing a gift tax return does not extend the due date for payment of the gift tax.

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Definitions:

BMR

Basal metabolic rate, which is the rate of energy expenditure per unit time by endothermic animals at rest.

ACTH

Adrenocorticotropic hormone, a hormone produced by the pituitary gland that stimulates the adrenal glands to release cortisol.

Premature Old Age

A condition in which an individual shows signs and experiences conditions associated with aging earlier than the expected chronological age.

Childhood

The period in a human's life from birth to puberty.