During the year, Fred makes the following transfers: a. $9, 875 to his mayor's reelection campaign.
b. $19, 625 to his aunt, Ava, to reimburse her for what she paid the hospital for her gallbladder operation. (Ava is not Fred's dependent.)
c. $9, 095 paid directly to the surgeon who performed Ava's gallbladder operation.
d. $13, 740 to purchase a used pickup truck for his son to use while attending college.
Determine the amount of transfers that are subject to the Federal gift tax. (Include the total amount and disregard the annual exclusion.)

Investment x offers to pay you $5,700 per year for 9 years, whereas investment y offers to pay you $8,300 per year for 5 years. if the discount rate is 6 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y $ if the discount rate is 16 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y