🧠Mixed10 questions
Gift Tax Calculator Quiz
Test your understanding of gift tax calculator with randomized questions. Each attempt generates new numbers for a fresh challenge.
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A donor makes an initial gift of $5000 to a donee. Later in the same year, they make an additional gift of $12000 to the *same* donee. If the annual exclusion for this donee is $17000, how much of the annual exclusion was *utilized* by these gifts?