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

question 1

Multiple Choice

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?

• A)$45,000
• B)$18,000.
• C)$15,000.
• D)$10,000.
• E)None of the choices are correct.

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Definitions:

Antislavery Efforts

Activities, movements, or initiatives aimed at ending or opposing slavery, often including advocacy, legislation, and support networks for escaped slaves.

Religious Conviction

A firm belief in a particular religion or religious principles, often guiding an individual's actions and decisions.

Immediate Emancipation

The instant freeing of slaves, without gradual measures, often advocated by abolitionists before and during the American Civil War.

Gradual Emancipation

A series of acts passed in state legislatures throughout the North in the years following the Revolution that freed slaves after they reached a certain age, following lengthy “apprenticeships.”