The Unified Transfer Tax System,comprised of the Gift and Estate

question 59

True/False

The unified transfer tax system,comprised of the gift and estate taxes,is based upon the total property transfers an individual makes during lifetime and at death.

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Definitions:

Monozygotic Twins

Twins that result from one fertilized egg splitting and developing into two embryos, genetically identical.

Dizygotic Twins

Twins conceived by the union of two different ova (or a single ovum that has split) with two different sperm cells; also called fraternal twins; they are no more alike genetically than any other siblings.

Concordance

The agreement or compatibility between traits, beliefs, or values among individuals or in data, often used in genetics and psychology to measure similarity.

Canalization

Limitation on variance of expression of certain inherited characteristics.