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scZoUnD [109]
3 years ago
8

This year Samantha gave each of her three nephews birthday gifts of $10,000 in cash. At Christmas, Samantha gave each of her thr

ee nephews Christmas gifts of an additional $6,000 in cash. What is the amount of the taxable gifts, if any, made by Samantha this year?
Business
1 answer:
lidiya [134]3 years ago
3 0

Answer:

The amount of the taxable gifts made by Samantha this year is 3,000

Explanation:

Because Samantha gave 16,000 dollars in total while the tax exemption is 15,000 per person.

So the tax gift is triggered

The taxable gifts are 1,000 per nephews. For a total of 3,000

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Why is it important for organizations and their managers to pay close attention to fair employment practices?
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B. In JIT​ purchasing, raw materials​ (or goods) are purchased so that products are delivered just as needed for production or sales.

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