Question

Stanley Rosen`s cumulative lifetime taxable gifts amount to $ 250,000. The following year, he gives his...

Stanley Rosen`s cumulative lifetime taxable gifts amount to $ 250,000. The following year, he gives his favorite nephew $ 165,000 to open a liquor store.

what is the taxable gift?

what is the tax on the gift (Prior to credits)?

What is the gift tax payable?

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