Charles Gave His Three Grandsons $21,000 Each, His Friend, Joe

question 19

Multiple Choice

Charles gave his three grandsons $21,000 each, his friend, Joe, $16,000, and his daughter $31,000.His second wife, Marla, gave her three children $51,000 each and $50,000 to her church.What are their combined taxable gifts if they do not elect gift splitting?

• A)$305,000
• B)$255,000
• C)$143,000
• D)$ 71,000

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Definitions:

Oxidation

A chemical reaction in which a substance combines with oxygen, often producing energy in the form of heat and light.

Glucose Molecule

A simple sugar with the molecular formula C6H12O6, which is a primary source of energy for cells.

Electron Carrier

A molecule that transports electrons between molecules in a pathway, such as in cellular respiration or photosynthesis.

Cellular Respiration

The metabolic process by which cells convert sugars into energy in the form of ATP, with the release of CO2.