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Federal Income tax 30135196342/cfi/66!/4/4@0.00:53.3 uickBooks/ASG Vault eBooks: Pear... 1:1-42 Gift Tax. Betty, a married taxpayer, makes the following gifts during the current year (2019): $20,000

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Federal Income tax

30135196342/cfi/66!/4/4@0.00:53.3 uickBooks/ASG Vault eBooks: Pear... 1:1-42 Gift Tax. Betty, a married taxpayer, makes the following gifts during the current year (2019): $20,000 to her church, $100,000 to her daughter, and $40,000 to her husband. What is the amount of Betty's taxable gifts for the current year (assuming that she does not elect to split the gifts with her spouse)? T

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