Burt and Lisa Are Married and Live in a Common

question 192

Multiple Choice

Burt and Lisa are married and live in a common law state. Burt wants to make gifts to their four children in 2017. What is the maximum amount of the annual exclusion they will be allowed for these gifts?

• A)$14,000.
• B)$28,000.
• C)$56,000.
• D)$112,000.
• E)None of these.

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Definitions:

Otosclerosis

A hearing loss condition caused by abnormal bone growth in the middle ear, hindering the ears’ ability to transmit sound.

Bilateral Hyperacusis

A condition characterized by an increased sensitivity to normal environmental sounds in both ears.

Perceptive Hearing Loss

A type of hearing loss resulting from damage to the inner ear or the neural pathways from the inner ear to the brain, also known as sensorineural hearing loss.

Bilateral

Pertaining to or affecting both sides of the body.