Question 1
The amount of an estate that is exempt from federal estate taxes in 2015 is
◦ $5.43 million.
◦ $3.25 million.
◦ $850,000.
◦ $10.5 million.
Question 2
Estate taxes may be levied by
◦ the federal government only.
◦ state governments only.
◦ both federal and state governments.
◦ foreign governments only.