You and Your Spouse Wish to Give Each of Your

question 58

Multiple Choice

You and your spouse wish to give each of your three grandchildren a yearly tax-free gift from your estate.If you give each of your three grandchildren the maximum amount allowed by law,what is the total amount that you as a couple would pay out in gifts in 2017?

• A)$14,000 per year
• B)$42,000 per year
• C)$54,000 per year
• D)$84,000 per year

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Definitions:

Social Influence

The effect that the words, actions, or mere presence of other people have on an individual's attitudes, beliefs, or behavior.

Perceptions

The way individuals interpret and understand their sensory information from the world around them.

Group Dynamics

The study of the behavior, interactions, and psychological processes that occur within a social group.

Risky Shift

The phenomenon where groups tend to make riskier decisions together than individuals would make on their own.