What Does the Generation Skipping Tax Do

question 99

Multiple Choice

What does the generation skipping tax do?

• A)It imposed additional tax on gifts and bequests that are made from grandparent to grandchild.
• B)It allows grandparents to skip paying taxes on funds gifted to grandchildren.
• C)It encourages parents to skip leaving funds to their own children and to plan on leaving their estate to their grandchildren.
• D)All of the above
• E)None of the above

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Definitions:

Biological Differences

Variations among organisms at the biological level, including genetic, hormonal, and physiological differences.

Sex

broadly refers to the biological characteristics that define humans as female or male, and can also relate to sexual activity.

Anatomy

The scientific study of the structure of living organisms, including their systems, organs, and tissues.

Gender Roles

Social and cultural norms dictating what behaviors, activities, and attributes are considered appropriate based on one's perceived or assigned sex.