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Which of the following gifts is not eligible for the annual exclusion?
Cherished Object
An item that is highly valued or dearly loved by someone, often holding sentimental value.
Identity
Identity refers to the qualities, beliefs, looks, and expressions that make a person (self-identity) or group (particular social category or social group) distinctive.
Stratification Theories
Theories in sociology that explain how society is structured in hierarchical layers, influencing individuals' social status, access to resources, and life opportunities.
Life Path
The sequence of experiences and achievements that an individual encounters throughout their existence, forming a unique journey through life.
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