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How much can they transfer to the plan for Amanda

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Reference no: EM132650819

Problem - Noah and Sophia want to make a maximum contribution to their state's qualified tuition program (§ 529 plan) on behalf of their minor granddaughter, Amanda, without exceeding the annual Federal gift tax exclusion.

Required -

a. How much can they transfer to the plan for Amanda without incurring a current Federal gift tax?

b. Express your answer as a Microsoft Excel command.

Reference no: EM132650819

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