In 2018, Henry and his wife, Wendy, made the gifts shown below. All gifts are of present
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In 2018, Henry and his wife, Wendy, made the gifts shown below. All gifts are of present interests. What is Wendy's gift tax payable for 2018 if the couple elects gift splitting and Wendy's previous taxable gifts (made in 1995) total $1 million?
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Wendy's current gifts were to Janet to Cindy to Henry Henry's current gifts were to Janet $80,000 70,000 50,000 30,000
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192800 is the tax on the 600000 exemption equivalent now called basic exclusion am...View the full answer
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Related Book For
Global Taxation How Modern Taxes Conquered The World
ISBN: 9780192897572
1st Edition
Authors: Philipp Genschel, Laura Seelkopf
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