Which of the following statements about the federal gift tax is false?
A. The tax is imposed on the donor.
B. The tax is based on the fair market value of the gifted property.
C. The donor's basis in the gifted property carries over to become the donee's basis.
D. An individual can give away $10 million (adjusted annually for inflation) every year without being subject to tax.
Answer: D
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______ consists of rude or discourteous actions that disregard others.
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