Question
Seneca would like to start building a college education fund for her 5-year old daughter. In 2016, Seneca contributes $80,000 to the designated carrier of
Seneca would like to start building a college education fund for her 5-year old daughter. In 2016, Seneca contributes $80,000 to the designated carrier of her states 529 plan.
Assuming Seneca makes the five-year election what is the amount of her taxable gift?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
17th Edition
1260247783, 978-1260247787
