Review the given statement and tell what is gift tax

Reference no: EM131486847

Question: 1. Make a list of the criteria you will use in deciding who will be the guardian of your minor children if you and your spouse die at the same time.

2. On December 31, 2014, George gives $14,000 to his son and $14,000 to his son's wife. On January 1, 2015, George gives another $14,000 to his son and another $14,000 to his son's wife. George made no other gifts to his son or his son's wife in 2014 and 2015. What is the gift tax?

Reference no: EM131486847

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