Which of the following statements is (are) true about the federal estate tax?
I. The gross estate can be reduced by a number of deductions.
II. If the person who died had any ownership interest in a life insurance policy at the time of death, the proceeds are included in the gross estate for federal estate tax purposes.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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Which of the following is a factor considered by authorities in evaluating the mergers of banks?
A. The level to which the new bank increases competition in the market B. The number of employees in the new bank C. The adequacy of the financial and managerial resources of the new bank D. The value of the total assets owned by the new bank
Tax planning includes
A. correcting tax returns. B. suggesting actions to reduce tax liability. C. preparing tax returns. D. auditing tax returns.
One major objective of CRM is customer replacement.
Answer the following statement true (T) or false (F)
What is the second stage in the general adaptation syndrome?
a. Exhaustion b. Work overload c. Resistance d. Alarm