Identify Which of the Following Statements Is True

question 74

Multiple Choice

Identify which of the following statements is true.

• A)If a marital deduction is elected on a QTIP trust transfer, property remaining in the QTIP trust is not included in the estate of the surviving spouse.
• B)The credit for state death taxes has been replaced with a deduction for state estate taxes.
• C)The unified credit is the only credit allowed against the estate tax.
• D)All of the above are false.

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Definitions:

Intellectual Ability

The capacity to engage in higher-order thinking, analysis, and reasoning.

Birth

The act or process of being born, marking the beginning of life outside the mother's womb.

Functionalism

A school of psychology emphasizing questions such as why the mind or a particular cognitive process works the way(s) it does.

Structuralism

One of the earliest schools of cognitive psychology. It focused on the search for the simplest possible mental elements and the laws governing the ways they could be combined.