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. $4,000

b. $8,000

c. $16,000

d. $25,000

e. $39,000.

AppendixLO1