Argo and his wife, who had made no previous gifts, gifted $125,000 in total present interest gifts to each of 6 grandchildren in separate accounts in the current year. they allocated their gst exemption to the accounts. how much gst tax do they each owe? $0. $156,000 after the annual exclusions. $232,800 (40% of $582,000). $300,000 (40% of $750,000).

Before you started applying for college, a job recruiter offered you a full-time cashier position at a doctor's office, earning an after-tax salary of $22,000 per year. however, you turn down this offer and attend your first year of college. the additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $34,000. you decide to go to college, probably because