What is a complete taxable gift


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

 

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Accounting Basics: What is a complete taxable gift
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