Charles gave his three grandsons $20,000 each, his friend, Joe, $15,000, and his daughter $30,000. His second wife, Marla, gave her three children $50,000 each and $50,000 to her church.
-Refer to the information above . What are Charles and Marla's taxable gifts if they elect gift splitting?
A) $76,000
B) $104,000
C) $151,000
D) $176,000
Correct Answer:
Verified
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Q17: Carl gave his six children gifts of
Q19: Chloe gave $15,000 to her son, $20,000
Q20: Morrow died on January 15, 2011
Q21: The unified credit for 2011 gifts is
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