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Jim and Pam (married) would like to gift as much money as possible to their...

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Accounting

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Jim and Pam (married) would like to gift as much money as possible to their children and grandchildren. They have two children, Tim and Lily. Tim is married to Jody and has two children named Heidi and Hunter. Lily is not married. Assuming the annual IRS gift exclusion amount for 2019 ($15,000), how much money can Jim and Pam transfer to their children and grandchildren in one year, without having to pay gift taxes? $150,000 $75,000 $45,000 O $15,000

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