Question: Indicate whether the following statements are True or False regarding the characteristics of the Federal gift tax. a . All gifts are subject to the

Indicate whether the following statements are "True" or "False" regarding the characteristics of the Federal gift tax.
a. All gifts are subject to the girt tax.
b. Cift spleting, by spouses, effectively allows the annual exclusion to double.
c. Tach doner is allowed an annual exclusion of $15,000 for each donee.
d. The Federal gift bax it eumulative in effect.
Indicate whether the following statements are

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