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During the year, Rajeev makes the following transfers. • $9,625 to his mayor's reelection campaign. • $29,375 to his aun
Posted: Fri Jul 01, 2022 8:47 am
by answerhappygod
- During The Year Rajeev Makes The Following Transfers 9 625 To His Mayor S Reelection Campaign 29 375 To His Aun 1 (16.01 KiB) Viewed 63 times
During the year, Rajeev makes the following transfers. • $9,625 to his mayor's reelection campaign. • $29,375 to his aunt, Ava, to reimburse her for what she paid the hospital for her gallbladder operation. • $18,950 paid directly to the surgeon who performed Ava's gallbladder operation. • $17,350 to purchase a used pickup car for his son use at college. Determine the amount of transfers that are subject to the Federal gift tax. (Include the total amount and disregard the annual exclusion.)