Remaining Time: 1 hour, 15 minutes, 15 seconds. Question Completion Status: QUESTION 18 Investment bad debts are treated as "non-business" True O False QUESTION 19 The Estate Tax is levied on each beneficiary according to the amount ey recei from the te. True False QUESTION 20 Smith embezzled $10,000 from his employer in 2015. Under state law and embezzler has an obligation to repay any money he took. Smith only repaid the money when caught in 2017. As a result, Smith must report the embezzled $10,000 in 2015. True False QUESTION 21 A recovery of capital on the disposition of an asset: Save All An Click Save and submit to save and submit. Click Save All Answers to save all answers. BIY 19