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This year Samantha gave each of her three nephews birthday gifts of $10,800 in cash....

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Accounting

This year Samantha gave each of her three nephews birthday gifts of $10,800 in cash. At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $6,320 in cash. What is the amount of the taxable gifts, if any, made by Samantha this year?

MULTIPLE CHOICE

  • $6,360.

  • $32,200.

  • $51,360.

  • zeronone of the gifts exceed the annual exclusion.

  • None of the choices are correct.

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