You and your spouse wish to give each of your three grandchildren a yearly tax-free gift from your estate. If you give each of your three grandchildren the maximum amount allowed by law, what is the total amount that you as a couple would pay out in gifts in 2011?
A) $12,000 per year
B) $36,000 per year
C) $48,000 per year
D) $78,000 per year
Correct Answer:
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