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1. Jody gifts to her son Sam a stock worth $20,000. Jody bought the stock for $15,000 some years ago. What is the amount of
1. Jody gifts to her son Sam a stock worth $20,000. Jody bought the stock for $15,000 some years ago. What is the amount of taxable gift?
A. $13,000 B. $15,000 C. $7,000 D. $20,000
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