Question: Question 7 6 ( 1 point ) 6 9 8 1 In 2 0 1 9 , the $ 5 , 0 0 0 ,

Question 76(1 point)
6981In 2019, the $5,000,000 payout will not be included in James' gross estate for estate tax purposes as he had outlived the transfer by more than 1 year.James will get an annual exclusion of $50,000(i.e.,1% of the gift amount in 2019.In 2019, James will be eligible for a unified tax credit of $500,000(i.e.10% of the gift amount as he has outlived the transfer by mor than one year.
Question 7 6 ( 1 point ) 6 9 8 1 In 2 0 1 9 , the

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