Which of the Following Is a True Statement About the Federal

question 83

Multiple Choice

Which of the following is a true statement about the Federal gift tax return (Form 709) ?

• A)Form 709 is due by the 15^th day of the ninth month following the date of the gift.
• B)Form 709 must be filed if a taxpayer wishes to elect gift splitting.
• C)Form 709 need not be filed unless a taxpayer's taxable gifts exceed the exemption equivalent.
• D)Form 709 is due nine months after the death of the decedent.
• E)None of these is true.

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Definitions:

Countercultural Values

Beliefs and practices that oppose or deviate from the dominant norms and values of society.

Adaptive Culture

An organizational culture characterized by flexibility, and the ability to change in response to external conditions.

Dominant Culture

The set of shared beliefs, values, norms, and practices that is accepted by the majority of members in a society or organization.

Deculturation

The process of losing one's cultural identity, usually as the result of external pressures or assimilation into another culture.