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
Business
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A) Recruiting B) Selection C) Socialization D) Interviewing
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