Item6 10 points eBookPrintReferencesCheck my workCheck My Work button is now disabledItem 6 Your parents gave you $30,000 worth of Apple stock in 2008. In 2010, the shares are worth $55,000. (The gift tax annual exclusion is $12,000 for 2008 and $13,000 for 2010.) a. What is the taxable amount for the gift tax in 2008?

a.	What is the taxable amount for the gift tax in 2008?

Taxable amount

$

b.	By what amount was your parents estate value reduced after giving you this gift?

Value of estate reduction in 2008	$
Value of estate reduction in 2010	$

c.	What would the taxable amount of the gift tax be if your parents waited until 2010 to give you the Apple stock?

Taxable amount

$