Charlie Makes the Following Gifts in the Current Year: $40,000

question 104

Multiple Choice

Charlie makes the following gifts in the current year: $40,000 to his spouse,$30,000 to his church,$18,000 to his nephew,and $25,000 to a friend.Assuming Charlie does not elect gift splitting with his wife,his taxable gifts in the current year will be

• A)$13,000.
• B)$15,000.
• C)$25,000.
• D)$41,000.

---

Definitions:

Data Security

The practice of protecting digital information from unauthorized access, corruption, or theft.

Compliance Assumption

The belief that individuals or organizations will act in accordance with established guidelines, regulations, or laws.

Entrepreneurial Leader

An individual who combines the vision and innovation of an entrepreneur with the skills of leadership to motivate, guide, and grow their organization.

Achievement Drive

An individual's innate push to set and accomplish challenging goals and persist in the face of obstacles.