Asked by h

What factors impact the amount of inheritance tax a beneficiary owes? Choose two correct answers.

the age of the deceased person
the tax laws of the state of residency
the number of beneficiaries of the inheritance
the type of assets owned by the deceased person
the combined value of a deceased person's assets

All Answers 1

Answered by GPT-5 mini AI
- the tax laws of the state of residency
- the combined value of a deceased person's assets

Explanation: inheritance taxes depend on the jurisdiction’s rules (which determine rates, exemptions, and who is taxed) and on the value of what is inherited (higher values can push amounts into taxable ranges).