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Matthew and Addison Are Married and Live in Michigan, a Common-Law

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Matthew and Addison are married and live in Michigan, a common-law state. For the holidays Addison gave cash gifts of $40,000 to each of her two sons, and Matthew gave $40,000 to his daughter. What is the amount of Addison's taxable gifts if Matthew and Addison opt to gift-split?


Definitions:

Social Unionism

A form of trade unionism concerned not only with workers’ rights and conditions but also with broader societal issues such as social justice and equality.

Government Program

A structured initiative or scheme developed and funded by a government to address a particular social, economic, or environmental issue.

Union Leader

A representative elected or chosen by members of a labor union who advocates for workers' rights, negotiates labor contracts, and addresses grievances.

Voluntary Recognition

The process by which employers formally acknowledge a union or workers' group without the need for a formal election.

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