Question and answer
What is a gift tax?
Question
Asked 10/14/2013 7:36:48 AM
Updated 12/22/2017 9:58:38 AM
2 Answers/Comments
Edited by yumdrea [12/22/2017 9:57:39 AM], Flagged by yumdrea [12/22/2017 9:57:41 AM]
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Original conversation
User: What is a gift tax?

User: Which of the following is a characteristic of a monopoly? a. no barriers to entry c. it is always government owned b. a single buyer d. a single seller

Question
Asked 10/14/2013 7:36:48 AM
Updated 12/22/2017 9:58:38 AM
2 Answers/Comments
Edited by yumdrea [12/22/2017 9:57:39 AM], Flagged by yumdrea [12/22/2017 9:57:41 AM]
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8

A gift tax is a federal tax applied to an individual giving anything of value to another person.

Added 12/22/2017 9:57:49 AM
This answer has been confirmed as correct and helpful.
8

Single seller: is a characteristic of a monopoly.

Added 12/22/2017 9:58:38 AM
This answer has been confirmed as correct and helpful.
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1 Answer/Comment

Gosplan:
the official planning organization, which drew up projects embracing trade and industry, agriculture, education, and public health.

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Updated 1/4/2015 10:22:11 AM
1 Answer/Comment
The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.
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