Reference no: EM132574210

Questions -

Q1. Vincent makes the following gifts during 2019:

$15,000 cash gift to wife

Gift of automobile valued at $35,000 to his adult son

Gift of golf clubs valued at $5,000 to a friend

$10,000 contribution to church

Although he is married, none of the gifts are considered joint gifts with his wife. What are the total taxable gifts subject to the unified transfer tax?

Q2. Indicate for each of the following the most favorable filing status for the 2019 tax year.

a. Kenny died on March 2, 2018. Marge, his wife, and Bart, their son, survive. Marge filed a joint return in 2018. Bart, age 18 in 2019, is a full-time college student and continues to live at home with his mother. He works part-time, earning $3,200. What is Marge's filing status in 2019?

b. Alan Spaulding is single and provides over 50% support of his niece Alicia who lives with him all year long. Alan maintains the household and claims Alicia as a dependent. Alicia makes $3,600 at a part-time job. She is a full-time student, age 18. What is Alan's filing status?

c. Lily, who was divorced on July 27, 2019, provides 100% of the support for her parents who live in a nursing home in Kansas and have no income. What is Lily's filing status?

d. Holly was abandoned by her husband Fletcher in September of the current year. She has not seen or communicated with him since then. What is Holly's filing status?

e. Rick, whose wife died in December 2016, filed a joint tax return for 2016. He did not remarry, but has continued to maintain his home in which his two dependent children live. What is Rick's filing status for 2019?