Classify Each Statement Appearing Below

question 149

Short Answer

Classify each statement appearing below.
a.No taxable transfer occurs
b.Gift tax applies
c.Estate tax applies
-Harry reimburses his niece for the tuition she paid to attend Drake University.The niece does not qualify as Harry's dependent.

---

Definitions:

Naturally Occurring

describes events, behaviors, or situations that happen without intentional intervention from researchers or other external factors.

Prematurely

Occurring or done before the usual or proper time, often leading to incomplete development or results.

Abandoned

Left deserted or forsaken, often referring to places, objects, or occasionally relationships.

Additional Services

Extra or supplementary services provided beyond the primary offerings of a business, organization, or professional.