Assume that Bernie is married and his wife consents to the same gifts as in the question above.$($in cash,: $$115,000$ to Donald; $$15,000$ to Elizabeth; $$5,000$ to Amy; $$20,000$ to Ronald; and $$25,000$ to EKU$).$ What is the amount of the taxable gifts made by Bernie and his wife?

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To determine the amount of taxable gifts made by Bernie and his wife we need to calculate the total ... View the full answer