Posterior probabilities are
a. simple probabilities
b. marginal probabilities
c. joint probabilities
d. conditional probabilities
d
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Don and Linda Grant, U.S. citizens, were married for the entire 2017 calendar year. In 2017, Don gave a $66,000 cash gift to his sister. The Grants made no other gifts in 2017. They each signed a timely election to treat the $66,000 gift as one made by each spouse. Disregarding the unified credit and estate tax consequences, what amount of the 2017 gift is taxable to the Grants for gift tax purposes?
A. $0 B. $38,000 C. $52,000 D. $66,000
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Low prices on some items serve as traffic builders or loss leaders for retailers
Indicate whether the statement is true or false
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