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9 June, 03:29

In 2018, Roxanne paid Badlaw University $12,000 for her nephew's tuition and gave her nephew $25,000 in cash. Roxanne is single and did not make any other gifts during the year. What is the amount of Roxanne's taxable gifts for the year?

A) $0.

B) $2,000.

C) $10,000.

D) $24,000.

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Answers (1)
  1. 9 June, 07:16
    0
    The answer is c)

    $10,000.
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