28. Elton John, a British resident and citizen had a series of concerts in United States in 2016. He was in United States for 12 days and did five shows. Total revenue from ticket sales was $2.3 million and sales of music and souvenirs was S850.000. He was paid 50% of tickets and 10% ofmusic and souvenirs. The IRS will tax a. S3,185,000, total revenue b, 2,000,000 ( 50% of 2.3 plus 1 0% of 850,000) c. 1.15 million (50% share of ticket sales) d. nothing because he is not a US citizen or resident D 29. Which of the following would constitute a gift for gift tax purposes? A check for 25,000 a. from a parent to a child to make a down payment on a home b. from an employer to an employee who earned a large fee for the company c. to the college a grandchild attends to pay a for his/her college tuition d. from husband to wife so she can buy things for herself 30. Alice deposits $50,000 in a bank account in the name of Alice and Betty. Which, if y title on account would constitute a current gift? a. Alice, in trust for Betty b. Alice and Betty, as tenants in common c. Alice and Betty or survivor, as joint tenants with right of survivorship d. All constitute a current gift