Match Each Statement with the Correct Choice

question 13

Multiple Choice

Match each statement with the correct choice. Some choices may be used more than once or not at all.
-Surviving spouse's share of the community property.

• A)In the current year, Debby, a widow, dies. Two years ago she inherited a large amount of wealth from her brother.
• B)Death does not defeat an owner's interest in property.
• C)Exists only if husband and wife are involved.
• D)A type of state tax on transfers by death.
• E)Must decrease the amount of the gross estate.
• F)Annual exclusion not allowed.
• G)Cumulative in effect.
• H)Right of survivorship present as to type of ownership.
• I)Avoids the terminable interest rule of the marital deduction.
• J)Exemption equivalent.
• K)Bypass amount.
• L)No correct match provided.

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Definitions:

Golden Rule

An ethical guideline suggesting that one should treat others as one would like others to treat oneself.

Kant

A philosopher known for his work in ethics, epistemology, and other fields of philosophy; not directly related to a legal or technical term.

Intuitionism

A philosophical theory emphasizing that moral truths are known through intuition, denying that moral properties are reducible to natural properties.

Rational Persons

Individuals who use reason and logic to make decisions, typically in economic theory, assuming that people aim to maximize their self-interest.