Bessie, a widow, makes cash gifts to her two married children (including their spouses) and to her three grandchildren. What is the maximum amount Bessie can give for calendar year 2017 without using her unified transfer tax credit?

	a.	$14,000
	b.	$28,000
	c.	$56,000
	d.	$70,000
	e.	$98,000

3 points

QUESTION 4

For tax year 2017, Bob filed his tax return on April 25, 2018. Assuming Bob is a calendar year individual with no fraud or substantial omission involved, what is the statute of limitation on Bobs 2017 tax return?

(Note: 2017 tax returns due date was 4/17/2018)

	a.	12/31/2020
	b.	4/15/2021
	c.	4/17/2021
	d.	4/25/2021
	e.	None of these