All of the following are deductions allowed in determining the gift tax except
A. A gift to the state of Pennsylvania for exclusively public purposes.
B. The value of any gift made to one's spouse, who is not a United States citizen.
C. A gift made to one's spouse, a United States citizen, in excess of $149,000.
D. A gift of a copyrightable work of art to a qualified organization if the copyright is not transferred to the charity.
Answer: B. The value of any gift made to one's spouse, who is not a United States citizen.
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The Fountaindale Adult Literacy Education Program needs to understand and target all of the following potential markets EXCEPT which one?
a. adults interested in teaching and literacy b. illiterate adults in the Fountaindale community c. community members in good economic circumstances d. the administrative board of the organization
Good Faith Consultants partnered with QuickFind IT Solutions for a period of six months. After three months, they wanted to extend the contract by two years. According to the Statute of Frauds, which of the following is true of the contract?
A) The modification to the duration of the contract should be in writing. B) A new contract must be formed. C) The contract can be oral both before and after modification. D) Only the original contract should be in writing.