This year Samantha gave each of her three nephews birthday gifts of $10,450 in cash. At Christmas,
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Question:
This year Samantha gave each of her three nephews birthday gifts of $10,450 in cash. At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $5,180 in cash. What is the amount of the taxable gifts, if any, made by Samantha this year?
$31,550
$4,890
None of the choices are correct.
zero - none of the gifts exceed the annual exclusion.
$46,890
Related Book For
Physics
ISBN: 978-0077339685
2nd edition
Authors: Alan Giambattista, Betty Richardson, Robert Richardson
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