A gratuitous transfer of cash made directly to an individual who uses the entire amount of the cash to pay medical expenses is not subject to a gift tax.
Answer the following statement true (T) or false (F)
False
The payment must be made directly to the health care provider to be eligible for exclusion from taxable gifts.
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Kristen and Haley are employees of a publishing house and work together on the same team. Kristen believes that Haley hails from an individualistic culture. Which statement, if true, strengthens Kristen's belief?
A. Haley focuses on self-development and puts her needs before those of the group. B. Haley prioritizes helping her team members attain their career advancement goals. C. Haley places emphasis on achieving upward social mobility by fulfilling common goals. D. Haley prefers decision making through her team members' participation in management. E. Haley's traits are typical of those from cultures that expect protection from the community.
Which of the following is true about unearned revenue?
a. When the account is credited, Cash is debited; b. It is a contra-revenue account; c. When adjusted, a revenue account is debited; d. It is reported on the income statement; e. All statements given are false
Which of the ways below is not a way in which preference data might be obtained?
A) asking respondents to rank brands from the most preferred to the least preferred B) asking respondents to rate all possible pairs of brands in terms of similarity on a Likert scale C) asking respondents to make paired comparisons and indicate which brand in a pair they prefer D) asking respondents for preference ratings for the various brands
Return on assets is a measure of liquidity
Indicate whether the statement is true or false