Which of the Following Statements Is(are) True

question 46

Multiple Choice

Which of the following statements is(are) true?

• A) The same transfer tax rate schedule is used to calculate both the estate tax and the gift tax.
• B) The transfer tax rate schedule is regressive in nature.
• C) The amount of the unified credit varies according to whether the taxable transfer is intervivos or testamentary.
• D)The exemption equivalent automatically offsets transfers in calculating cumulative taxable transfers.
• E)All of these are true

---

Definitions:

Runtime Error

An error in a program that occurs when a programmer accidentally writes code that divides by zero, a mathematical error.

Algorithm

A set of specific, sequential steps that describe exactly what the computer program must do to complete the required work.

Compiling

The process of converting source code written in a high-level programming language into machine code that a computer's processor can execute.

Interpreting

The process of converting spoken or signed communication from one language to another, facilitating understanding between parties who do not share a common language.