Answer:
B. Gift
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
A gift tax can be defined as a type of tax that is imposed or levied on property or money that is being transferred (given) as a gift from one person to another. Thus, in this type of scenario, there are no financial incentives or compensation for this items being gifted.
Basically, the annual gift tax exemption or exclusion for this year is $15,000 per recipient.
Hence, when an item worth more than 15,000 is given to someone, this tax is called gift tax.