The Maximum Amount That an Individual Can Give Another in a Year

question 58

Multiple Choice

The maximum amount that an individual can give another in a year without being subject to estate taxes is

• A) All gifts are taxable.
• B) $10,000.
• C) $14,000.
• D) $15,000.
• E) No gifts are taxable.

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Definitions:

Human Behavior

The study of how individuals act within society, influenced by psychology, culture, and environment.

Behavioral Economists

Economists who study the psychological, cognitive, emotional, cultural, and social factors affecting the economic decisions of individuals and institutions.

Models

Simplified representations of complex systems or processes, used to predict outcomes or understand a concept better.

Decision Processes

The series of steps or stages involved in making a choice or selecting an alternative.