Jane and Arthur Patrikson are happy that their daughter is graduating from high school.They gift their daughter $28,000,with $18,000 being paid out of Mr.Patrikson's account and the remaining from Mrs.Patrikson's account.What will be the gift tax payable by the Patriksons on account of the above transaction?
A) $2,800
B) $1,800
C) $1,000
D) $400
E) $0
Correct Answer:
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