Mr. and Mrs. Hand jointly gave a $100,000 outright gift in 2017 to an unrelated friend, Green, who needed the money to pay some legal expenses. In filing their gift tax returns for 2017, Mr. and Mrs. Hand elected gift splitting. They were entitled to exclusions aggregating

A. $0
B. $7,000
C. $14,000
D. $28,000

Answer: D. $28,000

Business

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