When the First Spouse Dies,if the Executor So Elects on a Couple's

question 16

Multiple Choice

When the first spouse dies,if the executor so elects on a couple's estate tax return,then any unused applicable exclusion amount will carry over to the other spouse.This is referred to as __________. ​

• A)portability
• B)gift splitting
• C)marital deduction
• D)the unified tax liability

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Definitions:

Tax-Exempt Income

Income that is not subject to taxation by the government.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, often including preventive services, treatments, and surgeries.

Medical Insurance

Health coverage that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.

Health Risks

Potential factors or behaviors that can lead to disease, injury, or other health problems.