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D, a Single Taxpayer, Made the Following Cash Gifts in 2012

Question 24

Multiple Choice

D, a single taxpayer, made the following cash gifts in 2012: To qualified charity A \quad $18,000\$ 18,000
To minor child C \quad 27,000
To political party P12,000\mathrm { P } \quad 12,000
To friend F7,000F \quad 7,000 After application of the annual exclusion, what is the total amount of taxable gifts made by D?


A) $12,000
B) $14,000
C) $16,000
D) $22,000

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