I:1-42 Gift Tax. Betty, a married taxpayer, makes the following gifts during the current year (2022): $20,000

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I:1-42 Gift Tax. Betty, a married taxpayer, makes the following gifts during the current year

(2022): $20,000 to her church, $100,000 to her daughter, and $40,000 to her husband.

What is the amount of Betty’s taxable gifts for the current year (assuming she does not elect to split the gifts with her spouse)?

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