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For the holidays, Marty gave a watch worth $15,800 to Emily and jewelry...

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Accounting

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For the holidays, Marty gave a watch worth $15,800 to Emily and jewelry worth $36,700 to Natalie. Required: a. Has Marty made any taxable gifts this year and, if so, in what amounts? b. Assume Marty is married to Wendy and they live in a community-property state. What are the amounts, if any, of their taxable gifts? (For all requirements, leave no answer blank. Enter zero if applicable.) a Marty's taxable gift to Emily Marty's taxable gift to Natalie b. Marty's taxable gift to Emily Marty's taxable gift to Natalie Wendy's taxable gift to Emily Wendy's taxable gift to Natalie

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