Choose the Word or Phrase in [ ] Which Will

question 11

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-You could give any number of people [$14,000 | $25,000] per year without having to pay any gift taxes.

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Definitions:

Lanham Act

United States legislation that provides protection to trademarks and regulates unfair competition.

False Advertising

The act of misleading consumers through deceptive, incorrect, or misrepresented information in advertisements.

Installment Contract

Under the Uniform Commercial Code, a contract that requires or authorizes delivery in two or more separate lots to be accepted and paid for separately.

Truth-In-Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.