When absorbing states exist, the fundamental matrix is used to compute equilibrium conditions

When an active licensee wished to advertise property owned by the licensee and which is not under a brokerage engagement with broker, the licensee MUST:

A. Notify his or her broker in writing and receive written consent to the advertising and the advertisement. B. Notify the Georgia Real Estate Commission. C. Keep a copy of the advertising for at least two (2) years. D. Always advertise in the name of his or her broker.

Don and Linda Grant, U.S. citizens, were married for the entire 2017 calendar year. In 2017, Don gave a $66,000 cash gift to his sister. The Grants made no other gifts in 2017. They each signed a timely election to treat the $66,000 gift as one made by each spouse. Disregarding the unified credit and estate tax consequences, what amount of the 2017 gift is taxable to the Grants for gift tax purposes?

A. $0 B. $38,000 C. $52,000 D. $66,000