4. After reading an estate planning article in a popular magazine, Vaughn has decided to take action to reduce his gross estate by making annual gifts to his 4 children, 8 grandchildren, and 4 greatgrandchildren. Vaughn has discussed the gifting strategy with his wife, Rebecca, and provided it does not result in use of any of her transfer tax exemption, she has agreed to split each gift. Vaughn does not want to use his transfer tax exemption either. If Vaughn carries the plan out for 5 years, how much can he gift in total while meeting Rebecca's requirement? Assume the 2018 exclusion amounts. a. $240,000 b. $1,200,000. c. $2,240,000 d. $2,400,000 5. Celeste made the following transfers during 2018: 1. Her friend, Paul, needed $25,000 to begin law school. Celeste gave Paul the cash. 2. An alimony payment of $15,000 to her ex-husband. 3. She paid $15,000 to Diamond Shores Hospital for her friend Jackie's medical bills. What is the amount of Celeste's taxable gifts? a $10,000 b. $15,000. c. $40,000 d. $55,000 6. During 2018, Janice made the following transfers 1. Janice gave $10,000 to her boyfriend so he could buy a new car. 2. Janice's neighbor Judy needed $15,000 to pay for her knee surgery. Janice paid Doctors-R-Us Hospital directly 3. Her nephew began attending Georgetown Law School this year. Janice made the initial yearly tuition payment of $25,000 directly to Georgetown Law School during 2018. What is the amount of her total taxable gifts for 2018? a. $o. b. $15,000 c. $25,000 d. $50,000