Lanny won $10 million at a casino three years ago and invested in mutual funds. When he married Judy ten years ago, they signed prenuptial agreements. This year, Lanny decided to give away some of his money. He made the following gifts: $100,000 cash to Judy $50,000 to each of his three adult children and $50,000 to the Democratic Party. What are the total taxable gifts that Lanny made this year? (Assume no gift-splitting was elected and annual exclusion amount is $15,000.)

Group of answer choices

$105,000

$194,000

$258,000

$158,000