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Shaquille buys new cars for five of his friends. Each car cost $ 7 0 , 0 0 0 . What is the amount of

Shaquille buys new cars for five of his friends. Each car cost $70,000. What is the amount of Shaquille's taxable gifts?
A) $0
(B) $265,000
C) $333,000
D) $350,000
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