Burt and Lisa Are Married and Live in a Common

question 46

Multiple Choice

Burt and Lisa are married and live in a common law state.Burt wants to make gifts to their four children in 2015.What is the maximum amount of the annual exclusion they will be allowed for these gifts?

• A)$14,000.
• B)$28,000.
• C)$56,000.
• D)$112,000.
• E)None of these.

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Definitions:

Perspective

Perspective is the viewpoint or angle from which an individual sees and understands an issue, situation, or concept.

Toddlers

Toddlers are young children, typically between the ages of 1 and 3 years old, who are in the early stages of walking and developing basic motor skills.

Expectations

Beliefs about the way events should unfold or how individuals should behave in certain situations.

Autonomy Stage

A phase in psychological development where individuals focus on establishing independence and a sense of personal control over decisions and actions.