What Is the Status of the Exemptions Liane Claimed on the Car

Multiple Choice

What is the status of the exemptions Liane claimed on the car and jewelry?

A) The exemption claimed for the vehicle will likely be granted,but the exemption claimed for the jewelry will likely be disallowed because no exemption may be claimed for jewelry.
B) The exemption claimed or the jewelry will likely be allowed,but the exemption claimed for the vehicle will likely be denied because the federal exemption for a vehicle is limited to $1,000.
C) The exemption claimed for the vehicle will likely be granted,but the exemption claimed for the jewelry will likely be disallowed because a federal exemption may only be claimed for jewelry consisting of a wedding band worth less than $400.
D) Both exemptions will likely be granted because their type and value are within allowable federal exemptions.
E) The exemption claimed for the jewelry will likely be granted;but in order to ascertain the status of the vehicle,further information is needed in regard to whether it is used in business.