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American College HS330 Exam - Topic 1 Question 5 Discussion

A widow made the following cash gifts during the current year:Donee Amount of GiftA qualified charity $40000A close friend 30,000Her sister 5,000Her daughter 15,000Her brother 10,000The total amount of the taxable gifts made this year was
A) $23,000
B) $45,000
C) $52,000
D) $95,000

American College HS330 Exam - Topic 1 Question 5 Discussion

Actual exam question for American College's HS330 exam
Question #: 5
Topic #: 1
[All HS330 Questions]

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

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Suggested Answer: A

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

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Argelia
8 months ago
Seems high for just a few gifts, but I guess it adds up!
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Ahmad
9 months ago
Yup, $52k is correct. The annual exclusion applies here.
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Justine
9 months ago
Wait, how is the charity gift not counted?
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Lamonica
9 months ago
Totally agree, the charity gift is not taxable!
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Maryann
9 months ago
The total taxable gifts are $52,000.
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Detra
9 months 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.
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Virgilio
9 months ago
I thought I read that each concurrent process needs a separate license. So, I'm thinking maybe 5 licenses?
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Marjory
9 months ago
I definitely practiced a question similar to this, and I think the answer was Independent Review Organizations, but I'm hesitating.
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Rachael
10 months 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.
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Jeannetta
10 months ago
I think the protocol we need is NMSP? I remember something about it during our lab sessions.
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