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American College Exam HS330 Topic 1 Question 5 Discussion
Actual exam question for
American College's
HS330 exam
Question #: 5
Topic #: 1
[All HS330 Questions]
Topic #: 1
A widow made the following cash gifts during the current year:
Donee Amount of Gift
A qualified charity $40000
A close friend 30,000
Her sister 5,000
Her daughter 15,000
Her brother 10,000
The total amount of the taxable gifts made this year was
Suggested Answer:
A
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