Jessica is doing her year-end tax planning and is concerned about gift taxes.If she comes to you for advice, which of the following would you tell her is a taxable gift?
A) Payment to the doctor for her gardener's medical expenses
B) Tuition paid to Norden University for her hairdresser's daughter, Trisha.
C) A donation to her favorite political organization
D) Buying a $20,000 car for Trisha when she goes away to Norden University
Correct Answer:
Verified
Q20: The widow of a decedent may add
Q21: What is the limit on the amount
Q22: The gift tax
A)can apply to tuition paid
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Q28: Charles gave his three grandsons $21,000 each,
Q29: Charles gave his three grandsons $20,000 each,
Q30: Chloe gave $16,000 to her son, $21,000
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