In the Current Year,Melanie Makes Two Transfers to Peter,her Husband

question 63

Multiple Choice

In the current year,Melanie makes two transfers to Peter,her husband.In June,she gives him land valued at $50,000.In December,she transfers $500,000 to a trust with a bank named as trustee.All income must be paid to Peter monthly for life.At Peter's death,the property passes to their children.Compute the maximum marital deduction assuming Melanie makes the appropriate elections.

• A)$550,000
• B)$536,000
• C)$500,000
• D)$50,000

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Definitions:

Recessive

A genetic trait that is expressed only when two copies of the gene are present, not seen when a dominant gene is present.

Phenotypic Ratio

The proportion of different phenotypes observed in the offspring of a particular genetic cross.

Guinea Pigs

Small rodents often used as pets or in research as model organisms for biological studies.

Heterozygous

A genetic condition where an individual has two different alleles of a gene, one inherited from each parent, leading to variation in genetic expression.