This year Samantha gave each of her three nephews birthday gifts of $10,350 in cash. At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $6,140 in cash. What is the amount of the taxable gifts, if any, made by Samantha this year?
A) $4,470.
B) $32,650.
C) $49,470.
D) zero-none of the gifts exceed the annual exclusion.
E) None of the choices are correct.
Correct Answer:
Verified
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