As the first gift from their$$ estate, LilyLily and TomTom PhillipsPhillips plan to give $$$$18$ comma $06018,060$ to their$$ son, RaoulRaoul$,$ for a down payment on a house.

a$.$ How much gift tax will be owed by LilyLily and TomTom$?$

b$.$ How much income tax will be owed by RaoulRaoul$?$

c$.$ Suppose instead that LilyLily and TomTom each make a gift of $$$$18$ comma $06018,060$ to RaoulRaoul. How much of the gift will be subject to the gift$$ tax?

d$.$ List three advantages of making this gift.