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A federal tax levied on the right of a deceased person to transmit his or her property and life insurance at death is called a(n) ____________ tax.

A federal tax levied on the right of a deceased person to transmit his or her property and life insurance at death is called a(n) ____________ tax.
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A federal tax levied on the right of a deceased person to transmit his or her property and life insurance at death is called a(n) ____________ tax.

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User Hayk Mkrtchyan
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2 Answers

7 votes

that'd be estate tax

answered
User Yrstruly
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The correct answer is an estate tax. An estate tax is a federal tax levied on the right of a deceased person to transmit his or her property and life insurance at death and before distributing his property to his heirs.
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User Vivek Chandra
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