Identify Which of the Following Statements Is True

question 106

Multiple Choice

Identify which of the following statements is true.

• A)The period for payment of estate taxes may be extended if the executor shows "reasonable cause" for not being able to pay some, or all, of the estate tax liability on the regular due date.
• B)The estate tax on interests in certain closely held businesses may be paid in installments over a 15-year period if elected.
• C)An executor may elect to postpone payment of the estate tax attributable to a remainder or reversionary interest until eight months after the interests of the other person(s)terminate.
• D)All of the above are false.

---

Definitions:

Mental Image

A representation in a person's mind of the physical world outside of one's immediate perception.

Internal Representation

The mental constructs that individuals use to understand the world, including concepts, ideas, and images.

Theories of Word Meaning

Various scholarly hypotheses and models explaining how words acquire their meanings and the cognitive processes involved.

Function

In mathematics and computer science, it refers to a relation or expression involving one or more inputs and a single output.