Hal and Beverly Barnes have many children and grandchildren. They are very generous and want to know whether they should be worried about paying gift taxes.

1. Hal Barnes made gifts to their two favorite grandchildren as follows:

• 2017: Gifts of $60,000 to each child
• 2018: Gifts of $40,000 to each child
• 2019: Gifts of $50,000 to each child

What is the amount of Hal's total taxable gifts? Assume Beverly agreed to gift-split with Hal and the annual gift tax exclusion is $15,000 for every year.

A. $300,000

B. $150,000

C. $60,000

D. $0

2. Using the fact pattern above, and assuming Hal has not made any additional lifetime gifts, what amount of Hal's unified credit remains to offset future taxable gifts if the tax on his taxable gift is $14,040?

A, 2,965,800

B. 2,045,800

C. 4,665,960

D. 4,975,800

3. Under which of the following circumstances must a gift tax return be filed?

A. Hal pays $20,000 directly to a medical provider for the benefit of his grandchild

B. Hal writes a check for $15,000 to his granddaughters' checking account

C. Hal pays $30,000 directly to his granddaughter for tuition

D. Hal gives a $15,000 Christmas check to his son.