Which of the following represents taxable gifts? Explain answer.

I. Transfer of wealth to a dependent family member that represents support.

II. Payment of son's tuition for law school directly to the school.

III. Payment of $14,000 of medical bills for a friend directly to the medical provider.

A. None of the choices is a taxable gift.

B. Only I is a taxable gift.

C. Only II is a taxable gift.

D. Both II and III are taxable gifts.