Matthew and Addison Are Married and Live in Michigan, a Common-Law

question 1

Multiple Choice

Matthew and Addison are married and live in Michigan, a common-law state. For the holidays Addison gave cash gifts of $40,000 to each of her two sons, and Matthew gave $40,000 to his daughter. What is the amount of Addison's taxable gifts if Matthew and Addison opt to gift-split?

• A)$45,000
• B)$18,000.
• C)$15,000.
• D)$10,000.
• E)None of the choices are correct.

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Definitions:

Neuron

A nerve cell that transmits information through electrical and chemical signals, playing a critical role in the functioning of the nervous system.

Excitatory Neurotransmitters

Chemical substances that promote the firing of neurons, facilitating communication within the brain and nervous system.

Inhibitory Neurotransmitters

Chemicals released by neurons in the brain that serve to inhibit or prevent neural signals, reducing neuron activity.

Neuron

A neuron is a nerve cell that is the basic building block of the nervous system, responsible for receiving, processing, and transmitting information through electrical and chemical signals.