Classify Each of the Following Statements

question 124

Multiple Choice

Classify each of the following statements:
-Under a prenuptial agreement, Herbert transfers stock to Norma. One month later, Herbert and Norma are married.

• A)No taxable transfer occurs.
• B)Gift tax applies.
• C)Estate tax applies.

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Definitions:

Photodiode

A semiconductor device that converts light into electrical current, commonly used in optical communication systems and light sensing.

Electrical Response

The reaction or output of an electrical system or component when a voltage or current is applied.

Forward Bias

Forward bias is the condition in which a p-n junction semiconductor, such as a diode, allows current to flow freely from the p-side (anode) to the n-side (cathode) by applying a voltage.

Current Flow

Describes the directional movement of electric charge carriers, like electrons, in a circuit, crucial for powering and operating electronic devices.