Swifty Corporation produced 340000 units in 160000 direct labor hours. Production for the period was estimated at 350000 units and 175000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at 175000 hours and 160000 hours. 170000 hours and 175000 hours. 160000 hours and 160000 hours. 170000 hours and 160000 hours.

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?