Exercise 18-21 (Algorithmic) (LO. 4) During the year, Rajeev makes the following transfers. $3,125 to his mayor's reelection campaign. $27,750 to his aunt, Ava, to reimburse her for what she paid the hospital for her gallbladder operation. $17,125 paid directly to the surgeon who performed Ava's gallbladder operation. $10,890 to purchase a used pickup car for his son to use at college. Determine the amount of transfers that are subject to the Federal gift tax. (Include the total amount and disregard the annual exclusion.) 58,890 X Feedback Check My Work In working with the gift tax, it is first necessary to determine whether a gift has in fact taken place. In addition, some transfers are excluded from the gift tax. Whether a transfer is subject to the Federal gift tax depends upon the application of 2511 through 2519 and the applicable Regulations.