Burt and Lisa Are Married and Live in a Common

question 56

Multiple Choice

Burt and Lisa are married and live in a common law state.Burt wants to make gifts to their five children in 2011.What is the maximum amount of the annual exclusion they will be allowed for these gifts?

• A) $0.
• B) $13,000.
• C) $26,000.
• D) $65,000.
• E) $130,000.

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Geotargeting

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Geofencing

A location-based service in which an app or other software uses GPS, RFID, Wi-Fi, or cellular data to trigger a pre-programmed action when a mobile device enters or exits a virtual boundary set up around a geographical location.

Geographic Parameters

Variables or factors that define or restrict conditions based on geographic location or spatial characteristics.