Identify Which of the Following Statements Is False

question 105

Multiple Choice

Identify which of the following statements is false.

• A)The gift-splitting election will apply to all transfers made during the portion of any year that the spouses electing gift splitting are married to each other.
• B)The gift-splitting election is made separately on each gift either spouse makes.
• C)Making gifts during one's lifetime helps to reduce the amount of estate taxes owed at death.
• D)In order to use gift splitting, both spouses must be U.S. citizens or residents at the time of the transfer.

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Definitions:

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Supply-Chain Performance

The assessment of how effectively and efficiently a supply chain operates, often measured by metrics such as delivery time, quality, and cost.

Bar Code

A machine-readable representation of information typically used for identifying and tracking items through a series of parallel lines and spaces.

Radio Frequency Technology

Technology that utilizes radio waves to transmit data and communicate between devices without direct wire connections.