This Year Samantha Gave Each of Her Three Nephews Birthday

question 102

Multiple Choice

This year Samantha gave each of her three nephews birthday gifts of $10,000 in cash.At Christmas,Samantha gave each of her three nephews Christmas gifts of an additional $5,000 in cash.What is the amount of the taxable gifts,if any,made by Samantha this year?

• A) $3,000.
• B) $32,000.
• C) $45,000.
• D) zero-none of the gifts exceed the annual exclusion.
• E) None of the choices are correct.

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Definitions:

Clear Self-concept

A well-defined understanding of one's own identity, values, and beliefs.

Core Values

Fundamental beliefs or principles that guide an organization's or individual's actions and decisions.

Relevant To

Pertaining to or connected with the matter at hand or the subject being considered.

Transactional Leadership

A management style focused on supervision, organization, and performance, where leaders promote compliance through rewards and punishments.