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5. John and Jody gave their two kids $78,000 each. They agree to split gift. How much can either of them claim as an annual

5. John and Jody gave their two kids $78,000 each. They agree to split gift. How much can either of them claim as an annual exclusion for their two children?

A. $13,000 B. $26,000 C. $54,000 D. $65,000

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