Which of the following is a complete taxable gift? Multiple Choice $20,000 in...
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Accounting
Which of the following is a complete taxable gift?
Multiple Choice
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$20,000 in cash contributed to the committee to reelect Senator BlowHard.
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$15,000 in cash given directly to Valley Hospital for the care of a neighbor who was in an auto accident.
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$18,000 in cash given directly to a needy student to pay for college tuition.
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$55,000 in cash transferred to a former spouse under a written property settlement shortly after a divorce.
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None of the choices is a complete taxable gift.
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