In the current year donna gives 50000 cash and 30000 of, Ask an Expert

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In the current year, Donna gives $50,000 cash and $30,000 of stock to Mike. She also gives $40,000 of tax-exempt bonds to Angela. Her husband, Andy, gives $200,000 of land to Angela. Assume the couple elects gift splitting for the current year.

Donna's taxable gifts total

a.$136,000.

b.$148,000.

c.$110,000.

d.$60,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
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