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In 2016 d makes a taxable gift of 250000 net of the annual

Question - Assume no prior taxable gifts by D. In 2015, D makes taxable gifts aggregating $100,000 (net of the annual exclusion) to A. In 2016, D makes a taxable gift of $250,000 (net of the annual exclusion) to B. What is the gift tax liability in 2016?

A. $0

B. $23,800

c. $81,000

D. None of the above

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Accounting Basics: In 2016 d makes a taxable gift of 250000 net of the annual

Reference No:- TGS02415566

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