Jerry Weber (Single in 2022) owns Weber Cement Company in Kato, MN. What are the US Federal Gift Tax consequences of each item below?

1. In December 2022, they gave each of their ten (10) employees $20,000 as a gift ($200,000 total). Jerry was not required to make these gifts and presented them out of genuine kindness. The checks are dated and distributed on December 5, 2022. All employees cash or deposit their checks by December 31, 2022.

2.Jerry Weber gave Rose Tix a diamond ring (FMV of $30,000) in October 2022. The couple married in February of 2023.

3.Jerry Weber opens a joint Bank account with Timmy Jones in the tax year 2022. Jerry deposits $20,000 into the account no withdrawals are made.

4.Jerry Weber sells Ralph Ross 200 shares of Apple, Inc. Stock (AAPL) for $10 per share when the stocks Fair Market Value is $172 per share.

5.Ralph Ross works for a road construction company; he helps Jerry Weber prepare a bid for road construction in St Pete, MN. To express his gratitude, Jerry Weber gives Ralph Ross a Ford Explorer worth $45,000.