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Author Question: The recipient of a gift within the allowable amount (Read 60 times)

Metfan725

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on: Apr 14, 2019

Question 1

A tax-free gift of up to ________ per year in 2015 can be given to another person.


◦ $1,000
◦ $5,000
◦ $14,000
◦ $20,000

Question 2

The recipient of a gift within the allowable amount


◦ does not have to report the gift, and it is not subject to taxes.
◦ does have to report the gift, and it is subject to taxes.
◦ must pay tax on the gift at the capital gains rate.
◦ must pay tax on the gift at the ordinary income rate.
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by Metfan725 on Apr 14, 2019

stallen

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Metfan725

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Reply #2 on: Apr 14, 2019
Excellent


stallen

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Reply #3 on: Apr 14, 2019
Great! Please up vote :D


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