Which of the Following Statements Is Incorrect

question 95

Multiple Choice

Which of the following statements is incorrect?

• A)Property taxes are levied on real estate.
• B)Excise taxes are assessed on items such as gasoline and telephone use.
• C)Gift taxes are imposed on the recipient of a gift.
• D)The estate tax is based on the fair market value of property at death or the alternate valuation date.

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Definitions:

Emancipated Minors

Individuals under the age of legal adulthood who are granted independence from parental control by the court system.

Health Insurance Portability and Accountability Act

A United States legislation enacted in 1996, providing data privacy and security provisions for safeguarding medical information.

Personal Health Information

Any data related to an individual's past, present, or future health condition, treatment, or payment, that can identify the person.

Health Care Decision

Choices made regarding medical care or treatments which can range from choosing providers to making decisions about procedures and medications.