Which of the Following Statements Is True

question 84

Multiple Choice

Which of the following statements is true?

• A)If the donor does not pay the gift tax, the donee is personally liable for the tax.
• B)When a married couple elects gift splitting, each spouse is potentially liable for 50% of the gift tax.
• C)Gift tax returns are due March 15 in the year following the gift.
• D)Donors can request an automatic extension of time to pay their gift tax even when they don't request to have an income tax extension.

---

Definitions:

Metabolic Rate

Metabolic Rate is the rate at which the body burns calories or energy, and it varies based on factors like size, age, gender, and activity level.

Parasympathetic System

A division of the autonomic nervous system responsible for stimulating "rest-and-digest" or "feed-and-breed" activities that occur when the body is at rest.

Peripheral Nervous System

Part of the nervous system outside the brain and spinal cord, responsible for connecting the central nervous system to limbs and organs.

Somatic Division

The segment of the nervous system that controls voluntary movements and transmits sensory information to the central nervous system.