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Billy wants to gift money to his son and daughter. He sets up the following gifting plan. Assume no gift splitting and fill out column

Billy wants to gift money to his son and daughter. He sets up the following gifting plan. Assume no gift splitting and fill out column c. A B. C. D. Year Amount gifted Amount subject Amount subject To each Child to gift tax (no gift splitting) to gift tax with gift splitting 2020 $17,000 each b. Now assume Billy uses gift splitting with his wife how much will be subject to gift tax (fill out column D)?

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