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What amount of gift tax will debbie pay

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Reference no: EM132873460

Question 1: In 2020 Debbie made taxable gifts of? $3,000,000. The only other taxable gifts Debbie made were in 2018. Her 2018 gift tax return shows taxable gifts of ?$9,000,000. What amount of gift tax will Debbie pay in 2020??

A. ?$1,200,000
B. ?$0
C. ?$168,000
D. ?$4,745,800

Reference no: EM132873460

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