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Determine the amount of transfers

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Problem - During the year, Rajeev makes the following transfers.

1. $10,000 to his mayor's reelection campaign.

2. $26,125 to his aunt, Ava, to reimburse her for what she paid the hospital for her gallbladder operation.

3. $18,220 paid directly to the surgeon who performed Ava's gallbladder operation.

4. $9,560 to purchase a used pickup car for his son to use at college.

Required - Determine the amount of transfers that are subject to the Federal gift tax. (Include the total amount and disregard the annual exclusion.)

Reference no: EM132462375

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