On December 31, 2021, George gives $15,000 to his son and $15,000 to his sons wife. One
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On December 31, 2021, George gives $15,000 to his son and $15,000 to his son’s wife. One day later, on January 1, 2022, George gives another $15,000 to his son and another $15,000 to his son’s wife. George made no other gifts to his son and his son’s wife in 2021 and 2022. What is the gift tax?
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Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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