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Which of the following is a complete taxable gift? Multiple Choice $20,000 in cash contributed to the committee to reelect Senator BlowHard. $15,000 in cash

Which of the following is a complete taxable gift?

Multiple Choice

  • $20,000 in cash contributed to the committee to reelect Senator BlowHard.

  • $15,000 in cash given directly to Valley Hospital for the care of a neighbor who was in an auto accident.

  • $18,000 in cash given directly to a needy student to pay for college tuition.

  • $55,000 in cash transferred to a former spouse under a written property settlement shortly after a divorce.

  • None of the choices is a complete taxable gift.

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