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Monica made the following transfers
during 2024:
• $19,000 to her grandson for
his law school tuition.
• $1,000 to her neighbor to help
him pay a hospital bill.
• A transfer of property valued
at $100,000 to a GRAT.
Monica retained an annuity
valued at $40,000 and her
daughter is the remainder
beneiciary.
What is the total amount of Monica's
taxable gifts for 2024?
a) $43,000.