Calculate the amount of taxable gifts in each scenario. Make sure to use the applicable exemptions. For each item, enter the appropriate amount in the associated cell. If the amount is zero, enter a zero (0). If no amount is required, enter a zero (0) or leave the cell blank. Scenario Taxable gift 1. Sarah paid an educational organization $20,000 directly for her sister's tuition expense. 2. Sid gave his fiance, a U.S. citizen, a diamond necklace valued at $33,000 the week before their wedding. The day after their wedding, Sid gave his wife $20,000 more to show his appreciation