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George and Suzanne have been married for 40 years. Suzanne inherited $1,000,000 from her mother. Assume that the annual gift tax exclusion is $14,000. What

George and Suzanne have been married for 40 years. Suzanne inherited $1,000,000 from her mother. Assume that the annual gift tax exclusion is $14,000. What amount of the $1,000,000 can Suzanne give to George without incurring a gift tax liability?

a. $ 14,000

b. $ 28,000

c. $ 500,000

d. $1,000,000

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