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Rodney gave his wife Whitney a necklace worth $5,000 and bought her a new car for $50,000 for their wedding anniversary. What is the amount
Rodney gave his wife Whitney a necklace worth $5,000 and bought her a new car for $50,000 for their wedding anniversary. What is the amount of the marital deduction that is available to Rodney to offset the tax on these taxable gifts? a. $50,000 b. $55,000 c. $41,000 d. $13,000
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