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Sagot :
Mr. and Mrs. Gupta want to make cash gifts to each of their four children, the children's four spouses, and three grandchildren. The total amount that the Guptas can transfer to their younger-generation family members without making a taxable gift for the year is $352,000. The tax amount is being created. Hence, option d is appropriate.
What is the meaning of Tax?
A tax is a legally binding fee and finance charge that a government imposes on a person or a business to raise money for public projects like building the greatest infrastructure and services.
Tax compliance refers to policy actions but also individual behavior aimed at ensuring that taxpayers are paying the appropriate amount of taxes at the right time but also securing the correct tax allowances and tax reliefs. A tax is a mandatory financial charge or some other category of levy imposed on a taxpayer (a personal or legal entity) by the government organization to fund government spending as well as various public expenditures (regional, local, or national).
Hence, option D is correct.
Learn more about the Tax here:
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