Which of the Following Transfers Is Taxable Under the Gift

question 64

Multiple Choice

Which of the following transfers is taxable under the gift tax statutes?

• A)Mark sold land to an unrelated party for less than its fair market value because he needed cash in a hurry.
• B)After a friend's death, Sharron wrote a check to the university to pay the college tuition for the friend's son.
• C)Marilynn wrote checks to the landlord to pay her aunt's rent for ten months when her aunt was unemployed.
• D)Jose wrote a check to the doctor to pay a friend's medical bill when he had surgery.

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