Question 18 of 50 Which of the following gifts is a gift to a skip person? O Chris (age 50) makes a $50,000 gift to his godson, Damian (age 11) Cathy (age 50) gives $75,000 to her niece, Maria (age 10), Maria's mother (Cathy's sister) is not living at the time of the gift. O Stacy (age 65) gives $25,000 to her friend, Brian (age 45) O James (age 75) gives $100,000 to his grandson, Michael (age 30). Michae's mother (James's daughter) is not living at the time of the gift. Mark for follow up Question 20 of 50 Ms. Waters died March 23, 2018. Her gross estate is large enough that Form 706 must be filed. Her personal residenc included in her gross estate, which had a date-of-death value of $636,000. Her cost in the home was $258,000. Ms. w owed $155,000 to City Bank on a mortgage secured by the home. The estate is liable for this debt. The home is in Ms Waters's name, with her niece designated for transfer on death. What value should be reported on Form 706 for Ms Waters's personal residence, and on which schedule should it be reported? eloe ear 253,000 e O $318,000 on Schedule E 63%, DO O $481,000 on Schedule A. O $81,000 on Schedule E. $636,000 on Schedule A 223 Mark for follow up 63Le