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American College HS330 Exam - Topic 1 Question 5 Discussion

Posted by Leslie on May 08, 2022 at 09:36 PM

A widow made the following cash gifts during the current year:

Donee Amount of Gift

A qualified charity $40000

A close friend 30,000

Her sister 5,000

Her daughter 15,000

Her brother 10,000

The total amount of the taxable gifts made this year was

Suggested Answer: A

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10 comments · newest first
AR
Argelia 11 months ago
Seems high for just a few gifts, but I guess it adds up!
AH
Ahmad 12 months ago
Yup, $52k is correct. The annual exclusion applies here.
JU
Justine 12 months ago
Wait, how is the charity gift not counted?
LA
Lamonica 12 months ago
Totally agree, the charity gift is not taxable!
MA
Maryann 1 year ago
The total taxable gifts are $52,000.
DE
Detra 1 year ago
I feel pretty confident about this one. The key principles are model validation and risk governance. I'll select those two options and move on to the next question.
VI
Virgilio 1 year ago
I thought I read that each concurrent process needs a separate license. So, I'm thinking maybe 5 licenses?
MA
Marjory 1 year ago
I definitely practiced a question similar to this, and I think the answer was Independent Review Organizations, but I'm hesitating.
RA
Rachael 1 year ago
Okay, I've got an idea. Since the question mentions deploying the Windows 10 Enterprise host pools to the Pool1 host pool, I'm guessing we need to make sure the Azure AD DS domain is properly configured to support that.
JE
Jeannetta 1 year ago
I think the protocol we need is NMSP? I remember something about it during our lab sessions.
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