Mr.and Mrs.Keating want to give their son Dudley a total of $24,000.They each write him a check for $12,000 so they won't have to pay any gift tax.This is an example of:
A) fraud.
B) tax evasion.
C) tax exclusion.
D) tax avoidance.
E) tax deferred income.
Correct Answer:
Verified
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