As of 2010,what Is the Maximum Yearly Amount That an Individual

question 51

Multiple Choice

As of 2010,what is the maximum yearly amount that an individual can give as a gift without incurring gift tax liability or having to report the gift to the IRS?

• A)$5,000
• B)$13,000
• C)$15,000
• D)$20,000
• E)$25,000

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Definitions:

Gym

A facility equipped with specialized equipment for strength, cardio, and flexibility training, aimed at improving physical fitness.

Reward

A positive reinforcement given following a desired behavior, with the aim of increasing the likelihood of the behavior occurring again.

Applied Behavior Analysis

A field of psychology that focuses on improving specific behaviors through reinforcement and other learning principles.

Autism

A neurodevelopmental disorder characterized by difficulties in social interaction and communication, and by restricted or repetitive patterns of thought and behavior.