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  3. in 2015, avery transferred $50,000 into an irrevoc

In 2015, Avery transferred $50,000 into an irrevocable trust. His daughter, Dayna, is to receive...

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Accounting

In 2015, Avery transferred $50,000 into an irrevocable trust. His daughter, Dayna, is to receive all of the income from the trust for five years, followed by his daughter, Sandra, receiving the income for the next five years, after which the trust terminates and is distributed to his son, Walter. Assuming a federal rate of 4%, calculate Averys taxable gift

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