At His Death Trevor Had a Probate Estate Consisting of $4

question 52

Multiple Choice

At his death Trevor had a probate estate consisting of $4 million of property. Which of the following is a true statement about Trevor's estate or estate tax?

• A)Trevor must have a taxable estate of at least $4 million.
• B)Trevor must have an adjusted gross estate of at least $4 million.
• C)Trevor must have an estate tax base (cumulative taxable transfers)of at least $4 million.
• D)Trevor must have a gross estate of at least $4 million.
• E)None of the choices are necessarily true.

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Definitions:

ANOVA Table

A table used to summarize the data analysis for an Analysis of Variance, showing sources of variance, degrees of freedom, sum of squares, mean squares, and the F-statistic.

F-ratio

A statistical measure used in ANOVA testing that compares the variances between groups to variances within groups.

P-value

A statistic that measures the probability of obtaining test results at least as extreme as the results actually observed, assuming that the null hypothesis is correct.

Annual Income

The total amount of income earned over a year from work, business, investments, or other sources.