1. Marta placed $50,000 into a savings account in her name and the name of her son....
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1. Marta placed $50,000 into a savings account in her name and the name of her son. Later this year, the son withdraws $16,000 from the account.
Marta made no other gifts to her son this year. Marta has made a taxable gift of
a. $3,000
b. $8,000
c. $16,000
d. $25,000
e. $39,000
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