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The following gifts were made in 2019: Cash gift to John $150,000, cash gift to Sue $20,000, Gift to Alice $1,200,000, cash gift to Alex
The following gifts were made in 2019:
Cash gift to John $150,000, cash gift to Sue $20,000, Gift to Alice $1,200,000, cash gift to Alex $25,000 to pay for his tuition, cash gfit to Rose $3,000,000, gift to Janice $150,000 for surgery paid to a local Hospital. Calculate the taxable gift amount and the 2019 gift tax
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