A. To take advantage of the higher transfer tax credit available undetax.B. To avoid a future decline in value of the property transferred.C.To take advantage of the per donee annual exclusion. D. To shift income to higher bracket donees.E. None of the above.
96.Indicate which, if any, statement is incorrect. State income taxes:
97.State income taxes generallycan be characterized by:
98.A characteristic of FICA is that:
99.A characteristic of FUTA is that: A. It is imposed on both employer and employee.B. It is imposed solely on the employee.