The federal government levies _____________________________ on people who pass assets ____________________________, either after death or during life.
A. an estate and gift tax; to the next generation
B. a regressive tax; to non-family members
C. an excise tax; to their children
D. a progressive tax; to non-family members
Answer:A
The federal government levies _____________________________ on people who pass assets ____________________________, either after death or during life.
A. an estate and gift tax; to the next generation B. a regressive tax; to non-family members C. an excise tax; to their children D. a progressive tax; to non-family members
Explanation: Type: Multiple Choice