Multiple Choice
Charlie makes the following gifts in the current year: $40,000 to his spouse,$30,000 to his church,$18,000 to his nephew,and $25,000 to a friend.Assuming Charlie does not elect gift splitting with his wife,his taxable gifts in the current year will be
A) $28,000.
B) $13,000.
C) $25,000.
D) $43,000.
Correct Answer:
Verified
Correct Answer:
Verified
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