American College Exam HS330 Topic 1 Question 84 Discussion

Actual exam question for American College's HS330 exam

Question #: 84
Topic #: 1

Which of the following statements concerning the estate tax marital deduction is correct?

AThe marital deduction available to a decedent in a common-law state is equal to one half the adjusted gross estate.

BThe marital deduction available to a decedent in a community-property state is equal to the total amount of community property.

CThe marital deduction available to a decedent in a common-law state is equal to the net amount of qualifying property passing to the surviving spouse.

DThe marital deduction available to a decedent in a common-law state is limited to a maximum of $1 million.

Show Suggested Answer

Suggested Answer: B

by Charlene at Apr 14, 2024, 10:03 PM

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Alaine

2 months ago

Ah, the estate tax game. Where the rules are made up and the points don't matter! Just kidding, I think C is the right answer here.

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Georgiann

1 months ago

I'm not sure, but I'll go with C too.

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Geoffrey

1 months ago

I think it's actually D, but I see where you're coming from with C.

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Sherell

2 months ago

I agree, C is the correct answer.

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Berry

3 months ago

Hmm, I was hoping for a simple 50/50 split, but I guess it's a bit more complicated in reality. Oh well, C it is!

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Noah

24 days ago

No, it's based on the qualifying property passing to the surviving spouse.

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Rene

29 days ago

So, it's not a simple 50/50 split like we thought.

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Raul

1 months ago

I agree, the marital deduction in a common-law state is based on the net amount of qualifying property passing to the surviving spouse.

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Dannie

2 months ago

I think C is the correct answer.

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Terry

3 months ago

I believe option D is correct, as there is a maximum limit of $1 million for the marital deduction.

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Josephine

3 months ago

I'm not sure about the specifics of the marital deduction in different state types, but C seems like the most logical choice here.

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Felix

2 months ago

I agree, C seems like the most logical choice when it comes to the marital deduction.

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Novella

2 months ago

Yeah, that makes sense. It would be important for the deduction to be based on what actually passes to the surviving spouse.

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Remedios

2 months ago

I'm not sure, but it does sound reasonable that the deduction would be based on the net amount of qualifying property.

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Markus

2 months ago

I think C is correct too. It makes sense that it would be based on the net amount of qualifying property.

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Matilda

2 months ago

I agree, it seems like the most logical option out of the choices given.

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Iraida

3 months ago

I think C is correct because it makes sense for the deduction to be based on the net amount of qualifying property passing to the surviving spouse.

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Demetra

3 months ago

Option C seems to be the correct answer. The marital deduction in a common-law state is the net amount of qualifying property passing to the surviving spouse.

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Portia

3 months ago

I agree with Nobuko, the marital deduction is based on the net amount of qualifying property passing to the surviving spouse.

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Nobuko

3 months ago

I think the correct statement is C.

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