BUSINESS HIGH SCHOOL

In which of the following situations would someone have to pay a gift tax?a. A relative dies and leaves you $13,000 in the will.
b. You parents give you a car for your 16th birthday.
c. Your grandmother gives you $13,000 toward college.
d. Your cousin gets a job paying $32,000 a year.

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Answer 1
Answer: Answer: C. Your grandmother gives you $13,00 toward college

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