(Answered) Question - calculation of gift tax in 2010 sondra makes

Accounting

Question - Calculation of Gift Tax. In 2010, Sondra makes taxable gifts aggregating $300,000. her only other taxable gifts amount to $200,000, all of which she made in 1997.

a. What is Sondra's 2010 gift tax liability?

b. What is her 2010 gift tax liability under the assumption that she made the $200,000 if taxable gifts in 1974 instead of 1997?

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