Which,if Any,of the Following Is Not a Characteristic of the Federal

question 32

Multiple Choice

Which,if any,of the following is not a characteristic of the Federal gift tax?

• A)A charitable deduction is available.
• B)The alternate valuation date of § 2032 can be elected.
• C)The generation-skipping transfer tax may also apply.
• D)A disclaimer procedure may avoid the tax.
• E)A marital deduction is available.

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Definitions:

Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Major Industries

The key sectors that are the backbone of an economy, usually characterized by large revenue and substantial impact on employment.

Deregulation

Refers to the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Carter And Reagan Administrations

The presidential terms of Jimmy Carter (1977-1981) and Ronald Reagan (1981-1989), notable for distinct economic and foreign policies.