A Business Founder Relying on a Lifetime Gifting Strategy to Minimize

question 104

Multiple Choice

A business founder relying on a lifetime gifting strategy to minimize the taxes on the estate she is passing on to her son can give him a maximum gift of ________ in company stock each year,tax exempt.

• A)$6,000
• B)$12,000
• C)$18,000
• D)$24,000

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Definitions:

Behavior

The actions or reactions of an individual or group in response to external or internal stimuli.

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Equity

The idea that each person receives benefits in proportion to what he or she contributes.

Equality

The state or quality of being equal, especially in status, rights, and opportunities, advocating for fairness and non-discrimination.