The generation-skipping tax is designed to accomplish which of the following?
A. Generate additional revenues to supplement the estate tax.
B. Eliminate the possibility that the estate tax can be avoided by gifts in contemplation of death.
C. Replace the gift tax on distributions from trusts.
D. Prevent the avoidance of transfer taxes (both estate and gift tax) through transfers that skip a generation of recipients.
E. None of the choices are correct.
Answer: D
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Your bank offers a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. If you invest $2,000 in the CD, how much will you have when it matures?
A. $3,754.27 B. $3,941.99 C. $4,139.09 D. $4,346.04 E. $4,563.34
The 15-15 Rule states that if a project is more than 15 percent over budget or 15 percent off the desired schedule, it will likely never recoup the time or cost necessary to be considered successful.
Answer the following statement true (T) or false (F)
Compare and contrast management and leadership.
What will be an ideal response?
Nearly ______ background checks reveal some form of adverse information.
a. 1 in 10 b. 1 in 5 c. 1 in 15 d. 3 in 10