Identify Which of the Following Statements Is False

question 74

Multiple Choice

Identify which of the following statements is false.

• A) A future interest includes reversions, remainders, and other interests, which are limited to commence in use, possession, or enjoyment at some future date or time.
• B) The gift tax exclusion is available only for a gift of a present interest.
• C) A trust for a minor trust) must distribute all of its income currently in order to qualify for the annual exclusion.
• D) For a transfer made in trust, each beneficiary is deemed to be a separate donee.

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Definitions:

Agency

The capacity of individuals to act independently and make their own free choices.

Androgynous

Exhibiting both traditional masculine and feminine psychological characteristics.

Aggressive Model

A concept in psychology that suggests exposure to aggressive behavior or attitudes can lead to an increase in aggression in individuals.

Observational Learning

A learning process in which an individual acquires new behaviors, skills, or attitudes through watching others.