In 2018, Marah gives $20,000 cash to Sam, $60,000 of stock to Craig, and $100,000 of bonds

Question:

In 2018, Marah gives $20,000 cash to Sam, $60,000 of stock to Craig, and $100,000 of bonds to Lynn. In the same year, Marah’s husband, Bryan, gives land valued at $120,000 to Jerry.
a. What are Marah and Bryan’s taxable gifts if they do not elect gift splitting?
b. What are the couple’s taxable gifts assuming the couple elects gift splitting?

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