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Which of the following statements are true? (There are multiple correct answers) 1.The Federal District Court is a court of original jurisdiction. 2.The Supreme Court

Which of the following statements are true? (There are multiple correct answers)

1.The Federal District Court is a court of original jurisdiction.

2.The Supreme Court only hears cases that it desires to hear.

3.Death taxes and gift taxes are the same.

4.For tax purposes, interest income accrues on a monthly basis.

5.Ad Valorem taxes are deductible for Federal income tax purposes.

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