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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.

User Tofiq
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1 Answer

3 votes
The answer is c)
$10,000.
User Tassadaque
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