Which of the Following Transfers Is Subject to the Gift

question 38

Multiple Choice

Which of the following transfers is subject to the gift tax?

• A)Matilda contributes $5,000 to a Senate candidate's political organization.
• B)Frank gives $30,000 to a lobbying group promoting stricter environmental regulations.
• C)Julia establishes a trust benefiting her nieces and nephews. Julia will determine the amount of any distributions made.
• D)Lance purchases land, titling it in the names of Lance and Sheryl, joint owners.

---

Definitions:

Large Companies

These are corporations that have a significant market capitalization, often characterized by a large workforce, extensive product lines, and international operations.

Managerial Accounting

The use of accounting techniques to provide information designed to assist managers in making decisions about the business.

Production Shift Data

Information regarding the output, workforce, and operations during a specific work shift in production.

Performance Targets

Levels or rates of improvement that management wants to achieve for performance metrics.