40. Which of the following is not an eligible S corporation shareholder?

a. The estate of a United States resident alien decedent.

b. A qualified subchapter S trust with only United States resident alien beneficiaries.

c. A multi member limited liability company owned solely by citizens of the United States.

d. An electing small business trust with only United States citizen beneficiaries.

41. Assume for 2016 that Don made one transfer involving his granddaughter as follows: Don opened a joint checking account with his granddaughter, with right of survivorship, for her college expenses. Don made an initial deposit of $100,000. During 2016, granddaughter wrote checks on the account to the school for tuition of $15,000 and living expenses of $20,000. What is the amount of the taxable gift for federal gift tax purposes?

a. 0.

b. $6,000.

c. $21,000.

d. $35,000.

PLEASE ANSWER BOTH AND EXPLAIN