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John gives Joe stock valued at $5,000, which John purchased for $1,000. Any gift tax would be payable: A. By Joe, on $5,000 B. By

John gives Joe stock valued at $5,000, which John purchased for $1,000. Any gift tax would be payable:

A. By Joe, on $5,000

B. By John, on $3,000

C. By John, on $5,000

D. By Joe, on $1,000

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