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:

Fringe Benefits

Additional benefits supplementing an employee's salary, which could include health insurance, pensions, and paid time off, among others.

Early Retirement Incentives

Programs or benefits offered by employers to encourage employees to voluntarily retire before the traditional retirement age, often as a cost-saving measure or to refresh the workforce.

Opposition

The action of resisting or contesting policies, decisions, or other positions within a group or organization.

Retaliation

Actions taken by an employer or individual in response to a complaint or grievance, intended as punishment or retribution.