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NEW QUESTION: 1
Alan, a widower, is a retired executive with substantial assets. He wishes to provide for the financial security of his two grandchildren since their father, Alan's son, has always managed money poorly. This year Alan would like to provide each grandchild with a substantial gift. Which of the following statements concerning the impact of the generation-skipping transfer tax (GSTT) on these transfers is correct?
A. Any GSTT applicable to the gifts is imposed at a marginal rate based on Alan's wealth.
B. Federal estate or gift tax will also be imposed on the gifts that are subject to the GSTT.
C. Alan could avoid all GSTT by holding all his property until death and providing direct bequests for the grandchildren in his will.
D. A direct gift of $1.5 million to each grandchild made during Alan's lifetime is exempt from GSTT.
Answer: B

NEW QUESTION: 2

A. Option D
B. Option C
C. Option A
D. Option B
Answer: A

NEW QUESTION: 3
You want to find all Message Base entries that include the two words "create" and
"incident." Which is the correct format for your search in the KEY field?
A. %create% | %incident%
B. %create incident%
C. create%incident
D. %create% & %incident%
E. %create%incident%
Answer: C

NEW QUESTION: 4
Where in the Backup, Archive, and Restore interface for Microsoft Windows can an administrator define the source and destination client for a restore job?
A. File > NetBackup Client Properties > Host Properties
B. File > Specify NetBackup Machines and Policy Type
C. File > NetBackup Client Properties> General
D. File > Select Files and Folders to Restore
Answer: D