**PLEASE SHOW WORK AND CALCULATION** THANK YOU VERY MUCH!!!. THis is all based on 2018 Federal Tax Filing

Question 14 Imposition - A tax is hereby imposed on the transfer of the taxable estate of every decedent who is a citizen or resident of the United States. A. IRC $2031 B. IRC $2032 C. IRC $2042 D. IRC $2010 E. IRC $2001 Question 15 General Rule A credit of the applicable credit amount shall be allowed to the estate of every decedent against the tax imposed under section 2001. A. IRC $2031 B. IRC $2032 C. IRC $2042 D. IRC $2010 E. IRC $2001 Question 16 The value of the gross estate shall include the value of all property (1) receivable by the executor - to the extent of the amount receivable by the executor as insurance under policies on the life of the decedent. A. IRC $2031 B. IRC $2032 C. IRC $2042 D. IRC $2010 E. IRC $2001 Question 17 General The value of the gross estate may be determined, if the executor so elects, by valuing all the property included in the gross estate as follows: (1) In the case of property distributed, sold, exchanged, or otherwise disposed of, within 6 months after the decedent's death such property shall be valued as of the date of distribution, sale, exchange, or disposition. A. IRC $2031 B. IRC $2032 C. IRC $2042 D. IRC $2010 E. IRC $2001 Question 18 The estate tax and gift tax are separate taxes, that is not part of a unified transfer tax system. A. True B. False Question 19 The gift tax is a tax on the transfer of property from one individual to another while receiving nothing, or less than full value, in return. The tax applies whether the donor intends the transfer to be a gift or not. A. True B. False Question 20 is the official proving of a will and establishment of validity is a system developed to collect the assets of decedents, satisfy creditors, pay taxes, resolve conflicts amount beneficiaries, and distribute what was left to appropriate persons or institutions. A. Intestacy B. Law of descent and distribution C. Probate D. Executor