Seneca would like to start building a college education fund for her 5-year old daughter....

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Accounting

Seneca would like to start building a college education fund for her 5-year old daughter. In 2024, Seneca contributes $95,000 to the designated carrier of her state's 529 plan.
Assuming Seneca makes the five-year election what is the amount of her taxable gift?

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