What is the difference between an estate and gift tax?
A
And estate tax is assessed on all inherited money; a gift tax is only assessed on amounts over $5000
B
And estate tax is a tax on the money and property of someone who is died; a gift tax is a tax on money or property given from one living person to another.
C
And estate tax is paid by the executor of an estate; a gift tax is paid by both parties of the gift.
D
And estate tax is paid on money; a gift tax is paid on money and property

Question

What is the difference between an estate and gift tax?
A
And estate tax is assessed on all inherited money; a gift tax is only assessed on amounts over $5000
B
And estate tax is a tax on the money and property of someone who is died; a gift tax is a tax on money or property given from one living person to another.
C
And estate tax is paid by the executor of an estate; a gift tax is paid  by both parties of the gift.
D
And estate tax is paid on money; a gift tax is paid on money and property

anonymous · Answer

d an estate

anonymous · Answer

final answer i just did it and i got 100%