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For the holidays, Marty gave a watch worth $16,200 to Emily and jewelry worth $47,000 to Natalie. Required: Has Marty made any taxable gifts this

For the holidays, Marty gave a watch worth $16,200 to Emily and jewelry worth $47,000 to Natalie. Required:

  1. Has Marty made any taxable gifts this year and, if so, in what amounts?
  2. Assume Marty is married to Wendy and they live in a community-property state. What are the amounts, if any, of their taxable gifts?

(For all requirements, leave no answer blank. Enter zero if applicable.)

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