t is a tax levied on an heir's inherited portion of an estate if the estate's value surpasses an exclusion limit set by law. a. Estate Tax b. Personal Income Tax c. Consumption Tax d. Property Tax
t is a tax levied on an heir's inherited portion of an estate if the estate's value surpasses an exclusion limit set by law. a. Estate Tax b. Personal Income Tax c. Consumption Tax d. Property Tax
Chapter18: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 6DQ
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It is a tax levied on an heir's inherited portion of an estate if the estate's value surpasses an exclusion limit set by law.
a. Estate Tax
b. Personal Income Tax
c. Consumption Tax
d. Property Tax
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