Select one or more:

1. Which of the following is/are false regarding gifts?

Select one or more:

a.There is a gift tax imposed on the donor of gifts over a certain amount.

b.The donee pays the gift tax when she receives the gift.

c.The donor only pays gift tax if he has made total lifetime gifts of $11,580,000

d.The highest rate paid on a gift is 40%

e.There is an annual exclusion for each donee of $12,000.

2.Berkeley charges a surchargeof $0.01 per ounce for sugar-sweetened beverages i in an effort to cut down on the consumption of these drinks.The tax revenue is administered byHealthy Berkeley, which was created in 2016 and has sent $1,287,500 to seven community-based programs across six local organizations.The surcharge is an example of:

Select one or more:

a.An earmarked tax and a penalty

b.An excise tax and a sin tax

c.A tax and a penalty.

d.A sales tax and sin tax.

e.A sales tax and an excise tax.