Burt and Lisa Are Married and Live in a Common

question 124

Multiple Choice

Burt and Lisa are married and live in a common law state.Burt wants to make gifts to their five children in 2010.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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Definitions:

Martha Chase

An American geneticist who, along with Alfred Hershey, performed experiments confirming that DNA is the genetic material of life.

Experiments

Carefully designed procedures to test hypotheses, establish cause and effect, or discover new phenomena under controlled conditions.

Phosphodiester Bonds

chemical bonds that link nucleotides together in DNA and RNA, forming the backbone of these molecules.

Sugar

A category of soluble, sweet-tasting carbohydrates found naturally in foods, used primarily for energy in living organisms.