Tom and Suzan Cucinic, US citizens, were married for the entire calendar year. During the year, Tom gave $50,000 cash to his cousin to aid in a legal defense. the cucinics made two other gifts one to tom's niece and one to suzan's cousing each a painting with a fair market value of $5000. both tom and suzan signed a timely election to treat the 50000 gift as made one half by each spouse. assume an annual gift tax exclusion of 16000. disregarding the lifetime unified gift and estate tax exclusion what amount of the current year gifts are taxable to the cucinics?

0 16000 18000 28000