Identify Which of the Following Statements Is True

question 33

Multiple Choice

Identify which of the following statements is true.

• A)Regardless of how large the gross estate is, the estate tax liability can be completely eliminated if the estate is willed to a charitable organization.
• B)There is a ceiling on the marital deduction.
• C)All transfers to the surviving spouse are eligible for the marital deduction.
• D)All of the above are false.

---

Definitions:

Correlation Coefficient

An indicator that measures the extent of simultaneous variation in two or more variables.

Fire Alarm

A device that emits a loud noise or other form of alert in response to smoke, fire, or other emergencies to warn individuals of potential danger.

Source Confusion

A mistake in memory where the source of a memory is mistakenly assigned to the incorrect time, location, or individual.

Familiarity

Familiarity is the state of recognizing something or someone due to previous encounters or knowledge, which can affect perceptions and interactions.