Jack gave Emily stock in four different companies. Below are the fair market value and adjusted tax basis for Jack for each ofthe stocks. (Assume the annual exclusion was NOT available.)

(No gift tax paid on 1&2) (Gift tax paid on 3&4$34 each)

Stock 1 Stock 2 Stock 3 Stock 4

Fair market value $68 $3 $68 $68

Adjusted taxable basis $40 $50 $40 $78

What is Emilys basis in each of the stocks?

Stock #1-

Stock #2-

Stock #3-

Stock #4-