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Business, 21.12.2019 03:31 lays20001

Brad and angelina are a wealthy couple who have three children, fred, bridget, and lisa. two of the three children, fred and bridget, are from brad's previous marriages. on christmas last year, brad gave each of the three children a cash gift of $10,000, and angelina gave lisa an additional cash gift of $40,000. brad also gave stock worth $40,000 (adjusted basis of $10,000) to the actor's guild (an "a" charity).

a. brad and angelina have chosen to split gifts. calculate brad's gift tax. assume that angelina has no previous taxable gifts, but brad reported previous taxable gifts of $2 million in 2009 when he used $345,800 of unified credokit and paid $435,000 of gift taxes.

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Brad and angelina are a wealthy couple who have three children, fred, bridget, and lisa. two of the...
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