Burt and Lisa Are Married and Live in a Common

question 174

Multiple Choice

Burt and Lisa are married and live in a common law state.Burt wants to make gifts to their four children in 2014.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:

FAD

Flavin adenine dinucleotide, a redox-active coenzyme associated with various proteins and involved in several important enzymatic reactions in metabolism.

ADP

Adenosine diphosphate, a molecule involved in energy transfer within cells and plays a crucial role in metabolism.

NADPH

A coenzyme involved in anabolic reactions, such as lipid and nucleic acid synthesis, and provides the reducing power needed for the biosynthetic processes in cells.

Exergonic Reaction

A chemical reaction that releases energy to the surroundings, typically in the form of heat.