Paul Makes the Following Property Transfers in the Current Year

question 39

Multiple Choice

Paul makes the following property transfers in the current year: • $22,000 cash to his wife
• $34,000 cash to a qualified charity
• $220,000 house to his son
• $3,000 computer to an unrelated friend
The total of Paul's taxable gifts,assuming he does not elect gift splitting with his spouse,subject to the unified transfer tax is

• A)$206,000.
• B)$214,000.
• C)$234,000.
• D)$279,000.

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Definitions:

Malignant Neoplasm

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Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells.

Right Upper Quadrant

One of the four divisions of the abdomen, located on the right side of the body and housing organs such as the liver and gallbladder.

Query The Physician

An action taken to seek advice or information from a doctor, often regarding a patient's diagnosis, treatment, or code assignment.