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For the holidays, Marty gave a watch worth $25,000 to Emily and jewelry worth $40,000 to Natalie. (Leave no answer blank. Enter zero if applicable.)

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For the holidays, Marty gave a watch worth $25,000 to Emily and jewelry worth $40,000 to Natalie. (Leave no answer blank. Enter zero if applicable.) a. Has Marty made any taxable gifts this year and, if so, in what amounts? Answer is complete but not entirely correct. Marty's taxable gift to Emily Marty's taxable gift to Natalie 12,000 27,000

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