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This year Samantha gave each of her three nephews birthday gifts of $10,300 in cash. At Christmas, Samantha gave each of her three nephews Christmas
This year Samantha gave each of her three nephews birthday gifts of $10,300 in cash. At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $5,120 in cash. What is the amount of the taxable gifts, if any, made by Samantha this year?
A. $46,260
B. None of these.C. zero - none of the gifts exceed the annual exclusion.D. $31,700
E. $4,260
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