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In 2009, Sondra makes taxable gifts aggregating$ 2 million.

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In 2009, Sondra makes taxable gifts aggregating$ 2 million. Her only other taxable gifts amount to $ 700, 000, all of which she made in 1997.;a) what is Sondra's 2009 gift tax liability?;b) what is her gift tax liability under the assumption that she made the $700000 of taxable gifts in 1974 instead of 1997?

 

Paper#32072 | Written in 18-Jul-2015

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