Determine the taxable gift for each of the following.

a. In February, Cynthia transferred $200,000 into a revocable trust. In October, the trustee distributes $18,000 of income to the beneficiary, Eileen.

b. Carrie prepared the tax returns at no charge for the elderly in a volunteer program sponsored by a local charity.

c. Ted gave his cousin $14,000 to pay medical expenses.

d. Vera paid her nephew’s college tuition of $20,000 by writing a check directly to the university.

AppendixLO1