Business, 07.06.2021 21:10 BakerElsie02

A wife makes outright gifts of $96,000 to her son, and her husband agrees to split the gifts with her. Which of the following correctly states the amount of the taxable gifts? A) Wife- $27,000 Husband- $47,000
B) Wife- $37,000 Husband- $37,000
C) Wife-$47,000 Husband $47,000
D) Wife $74,000 Husband $0

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A wife makes outright gifts of $96,000 to her son, and her husband agrees to split the gifts with he...