Charlie Makes the Following Gifts in the Current Year: $40,000

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) $13,000.
B) $15,000.
C) $25,000.
D) $41,000.