In the current year, Bonnie, who is single, sells stock valued at $60,000 to Linda for $15,000. Later that year, Bonnie gives Linda $25,000 in cash. Bonnie's taxable gifts from these transfers totalO $55,000.
O $70,000.
O $59,000.
O $25,000.

In the current year, Bonnie sells stock valued at $60,000 to Linda for $15,000. Later that year, Bonnie gives Linda $25,000 in cash. Bonnie's taxable gifts from these transfers total a) $55,000.

Shares, also known as stocks, are securities that represent partial ownership of the issuing company. A unit of stock is called a "share" and allows the holder to receive a portion of the company's assets and profits equal to the number of shares held.

shares are traded primarily on stock exchanges and form the basis of many individual investor portfolios. Stock trading must comply with government regulations designed to protect investors from fraud.

Taxable Gifts:

Gifts valued at $75 or more are taxable.

Non-cash gifts of small value (less than $75 annually) to employees. Holiday turkeys are tax exempt.

tax-free value is capped at $1,600 for all her awards for one year.

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In the current year, Bonnie, who is single, sells stock valued at $60,000 to Linda for $15,000. Later that year, Bonnie gives Linda $25,000 in cash. Bonnie's taxable gifts from these transfers totalO $55,000. O $70,000. O $59,000. O $25,000.

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In the current year, Bonnie, who is single, sells stock valued at $60,000 to Linda for $15,000. Later that year, Bonnie gives Linda $25,000 in cash. Bonnie's taxable gifts from these transfers totalO $55,000.
O $70,000.
O $59,000.
O $25,000.