Question: During the current year, Wilma, a single individual, makes the following transfers: Fair Market Value Cash to her sister $23,000 Cash to St. Annes Church

During the current year, Wilma, a single individual, makes the following transfers:

Fair Market Value

Cash to her sister $23,000

Cash to St. Annes Church 30,000

Cash to the Republican Party 15,000

Tuition payment directly to State College for her nephew 18,000

Payment directly to local hospital for the medical expenses of her friend 29,000

Real estate --- Life estate to brother 35,000

Real estate --- Remainder to niece 50,000

Assuming the annual gift tax exclusion amount is $15,000, what is the total amount of taxable gifts that Wilma must report? SHOW WORK FOR PARTIAL CREDIT.

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