Identify Which of the Following Statements Is False

question 105

Multiple Choice

Identify which of the following statements is false.

• A)The gift-splitting election will apply to all transfers made during the portion of any year that the spouses electing gift splitting are married to each other.
• B)The gift-splitting election is made separately on each gift either spouse makes.
• C)Making gifts during one's lifetime helps to reduce the amount of estate taxes owed at death.
• D)In order to use gift splitting, both spouses must be U.S. citizens or residents at the time of the transfer.

---

Definitions:

Mihaly Csikszentmihalyi

A psychologist known for his work on the concept of "flow," a state of intense focus and immersion in activities.

Martin Seligman

A psychologist known for his work on the theory of learned helplessness and for being a founding figure in the field of positive psychology.

Barbara Fredrickson

A psychologist known for her research on positive emotions and their role in positive psychology and human flourishing.

Experimental Psychology Laboratory

A controlled environment where psychological experiments are conducted, focusing on the study of cognition, perception, and behavior.