Question: Problems 1, 2, and 3 are based on the following scenario: In 2018, Joshua gave $15,000 worth of XYZ stock to his son. In 2019,

"Problems 1, 2, and 3 are based on the following scenario: In 2018, Joshua gave $15,000 worth of XYZ stock to his son. In 2019, the XYZ shares are worth $25,000.

1.Calculating the Gift Tax. What was the gift tax in 2019?

2.Calculating the Gift Tax. What is the total amount removed from Joshuas estate in 2019?"

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