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What amount of taxable gifts did gary? make

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Question 1: Gary made the following gifts in 2020. He purchased land for? $100,000 and titled the land in joint tenancy with his wife Debbie. He made a cash gift of? $60,000 to The American Cancer Society? ( a public? charity.) He made a gift of Starbucks stock valued at? $70,000 to his son Jon. Gary and Debbie did not elect gift splitting. What amount of taxable gifts did Gary? make?

A. ?$55,000
B. ?$90,000
C. ?$140,000
D. ?$70,000

Reference no: EM132873443

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