Business, 11.10.2019 04:00 louiecampos

John and joan are married and want to make cash gifts to their children (2), their children's spouses (2), and their grandchildren (4). on december 31, 2018, they gift $15,000 to each child, each spouse of each child, and to each grandchild. how much is subject to gift tax on which tax will actually be paid?
$15,000.00
none of the other choices are correct
$0.00
$240,000.00
$480,000.00

Answers: 2

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John and joan are married and want to make cash gifts to their children (2), their children's spouse...