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the value of total property transferred upon which the federal estate tax is imposed is known...

the value of total property transferred upon which the federal estate tax is imposed is known as a)taxable estate, B gross distribution C, net income or D, net adjusted income

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Answer #1

The value of the total property transferred upon which the federal estate tax is imposed is known as taxable estate.

As the federal estate tax is levied or imposed on the estates which are taxable, hence it is known as taxable estate.

Gross distribution is related the distribution of income among partners and does not related to estate taxation.

Net income and net adjusted income is the incomes after considering all the expenses and revenue and there is no asset related activity, hence there is no involvement estate taxation.

hence from the above explanation it is clear that where there is taxable estate then there is federal estate tax, hence option A is correct.

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