Question

James' grandmother passed away recently. Before her inheritance can be distributed to his relatives a tax is levied by the state. What type of tax is this? A) excise tax B) estate tax C) property tax D) general sales tax

Answer 1

B estate tax

Step-by-step explanation:

Answer 2

Answer: B

Step-by-step explanation:

Estate tax is a tax on the transfer of property after death. The federal estate tax generally applies when a person's assets exceed $11.4 million in 2019 at the time of death. The estate tax rate can be up to 40%. Some states also assess estate tax.Sep