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Which of the following represent(s) taxable gifts? -The transfer of wealth by a parent to a dependent child that represents legal support -Payment of a

Which of the following represent(s) taxable gifts?

-The transfer of wealth by a parent to a dependent child that represents legal support

-Payment of a childs tuition to Loyolas Law School by a parent

-Payment of $20,000 from a grandparent to a grandchild for educational purposes

-Payment of $15,000 of medical bills for a friend paid directly to the medical institution

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