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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Classify each of the

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

Classify each of the following statements.

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No taxable transfer occurs.
Gift tax applies.

Meg gives her 18-year-old son money for his college tuition and living expenses (e.g., room and board).
Clarence pays the medical providers (e.g., physicians, hospital) for his aunt's knee replacement operation. The aunt does not qualify as Clarence's dependent.
Cash donation to the reelection campaign of a candidate for the U.S. House.
Maggie purchased an insurance policy on Jim's life and designated Susan as the beneficiary. Four years later, Jim dies, and Susan collects the insurance proceeds.

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