3. Which of the following transactions is a taxable gift? a. Mack transfers $5,000 to his favorite...

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3. Which of the following transactions is a taxable gift?

a. Mack transfers $5,000 to his favorite political organization.

b. Sonia gives $25,000 in stocks to her church.

c. Veronica gives $25,000 to her husband, Jose.

d. Carla transfers $30,000 into an irrevocable trust for the benefit of her two children.

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Taxation For Decision Makers

ISBN: 9781118091555

2012 Edition

Authors: Shirley Dennis Escoffier

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