Noah and Sophia want to make a maximum contribution to their states qualified tuition program ( 529

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Noah and Sophia want to make a maximum contribution to their state’s qualified tuition program (§ 529 plan) on behalf of their minor granddaughter, Amanda, without exceeding the annual Federal gift tax exclusion.

a. How much can they transfer to the plan for Amanda without incurring a current Federal gift tax?

b. Express your answer as a Microsoft Excel command.

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: Jun 01, 2020 06:50 AM

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Noah and Sophia want to make a maximum contribution to their states qualified tuition program ( 529

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South-Western Federal Taxation 2020 Comprehensive

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