A tax levied on the property of the deceased after it is transferred to the beneficiary is
A) an estate tax.
B) an inheritance tax.
C) a gift tax.
D) an excise tax.
Correct Answer:
Verified
Q95: State governments
A)have only estate taxes.
B)have only inheritance
Q96: Taxable income equals adjusted gross income minus
Q97: Interest on corporate bonds is taxable,but interest
Q98: Adjusted gross income equals gross income plus
Q99: In order for a government to establish
Q101: Additional standard deduction amounts are allowed for
Q102: Harry Starr,a college student,earned $4,000 and claimed
Q103: With a traditional IRA you can permanently
Q104: Medical expenses can be claimed as itemized
Q105: The standard deduction is indexed to inflation.
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