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Caleb transferred $115,000 to an irrevocable trust for Avery. The trustee has the discretion to distribute income or corpus for Avery's benefit but is required to distribute all assets to Avery (or his estate)not later than Avery's 21 st birthday. What is the amount, if any, of the taxable gift?
Backup Camera
An automotive safety feature that uses a video camera mounted on the rear of the vehicle to display a view behind the car on a dashboard screen, helping the driver to reverse more safely.
Navigation System
Technology or software designed to guide users or vehicles to a destination through the use of maps and GPS data.
Public Domain Software
Software that is not protected by copyright law and is freely available for use, modification, and distribution by anyone.
Copyright Restrictions
Legal limitations placed on the use of copyrighted materials, typically to protect the intellectual property rights of the creator.
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