This year Samantha gave each of her three nephews birthday gifts of $10,000 in cash.At Christmas,Samantha gave each of her three nephews Christmas gifts of an additional $5,000 in cash.What is the amount of the taxable gifts,if any,made by Samantha this year?
A) $3,000.
B) $32,000.
C) $45,000.
D) zero-none of the gifts exceed the annual exclusion.
E) None of the choices are correct.
Correct Answer:
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