Jimmy Johnson made several gifts during 2017. He gave his niece $10,000 as a graduation gift, he paid $15,000 college tuition for his nephew, and he gave his daughter $28,000 as a wedding gift. Jimmy is not married. What are the total taxable gifts to be reported?
A. $53,000
B. $14,000
C. $43,000
D. $28,000
Answer: B. $14,000
Business
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