Which, If Any, of the Following Is a Correct Statement

question 157

Multiple Choice

Which, if any, of the following is a correct statement regarding the filing of a gift tax return (Form 709) ?

• A)A donor must file a Form 709 in the same year in which the gift was made.
• B)The due date of a Form 709 is the same as the due date of the donor's Form 1040.
• C)A Form 709 may have to be filed even though the value of the gift was less than the amount of the annual exclusion.
• D)Melody gives her husband a new Mercedes convertible for his birthday. Melody must file a Form 709 to report the gift even though no gift tax results.
• E)None of the above.

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Definitions:

Reinforcement

Reinforcement is a principle in behaviorism that increases the likelihood of a behavior being repeated, which can be either positive (by adding a pleasant stimulus) or negative (by removing an unpleasant stimulus).

Amount of Time

The duration or span during which an event occurs or an action takes place.

Varies

To differ in size, amount, degree, or nature from something else in a group, set, or series.

Oral Reprimands

Verbal warnings or admonishments given to an employee for unsatisfactory performance or behavior.