Which of the following is the correct way to apply the gift tax exemption for the 2016 cash amount?
a. Tom has 10 grandchildren and gifts each child $16000, for a total of $160,000
b. Tom has 10 grandchildren and gifts each child $14000, for a total of $140,000
c. Tom has 4 grandchildren and he gifts them each $20000, and 6 great-grandchildren which he gifts each $10000, for a total of $140,000
d. Tom gifts his two grandchildren $70,000 each, for a total of $140,000
b. Tom has 10 grandchildren and gifts each child $14000, for a total of $140,000
You might also like to view...
The Latin term _____________ refers to the circumstances of the cause of action
Fill in the blank(s) with correct word
QuickBooks provides a more conventional set of accounting records with ________, such as accounts payable and accounts receivable
a. graphs b. journal entries c. columns d. ledgers for journals
The number of a pronoun that refers to a collective noun is determined by the function of the collective noun.
Answer the following statement true (T) or false (F)
__________ are courts in which the only remedies that could be granted were money, items of value, and land, and which were distinct from courts of equity of the English courts
a. International Courts b. Courts of equity c. Courts of law d. Courts of Chancery