Mr. Dean, a very generous person has decided to gift some of his friends with various items this year. (As shown below). Let's assume the annual exclusion amount for this year is $19,000. Lexi - Truck - $20,000 (Fair market value) Owen - College Tuition - $18,000 (Fair market value) Vince - Land- $25,000 (Fair market value) Elliot - Cash - $30,000 (Fair market value) 2) Assuming a 35% marginal tax rate, please caculate the gift tax amount (based on amount subject to gift tax in previous question)