Completed taxable gift


Which of the following is a completed taxable gift?

A. $15,000 in cash given to Valley Hospital for the care of a neighbor who was in an auto accident.

B. $20,000 in cash contributed to the committee to reelect Senator Cone.

C. $55,000 in cash transferred to a former spouse under a written property settlement shortly after a divorce.

D. $18,000 in cash given to a needy student to pay for college tuition.

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Accounting Basics: Completed taxable gift
Reference No:- TGS061211

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