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:

Personal Resilience

The ability to recover quickly from difficulties; toughness or the capacity to bounce back from adverse life events.

Internal Locus

The belief that one's actions and outcomes are controlled by personal decisions and efforts rather than external factors.

Extraversion

A personality trait characterized by outgoing, sociable, and energetic behavior.

Mental Health

A state of well-being in which individuals realize their own abilities, can cope with normal stresses of life, work productively, and contribute to their community.