In which of the following situations would someone have to pay a gift tax?
AA relative dies and leaves you $13,000 in the will.
BYou parents give you a car for your 16th birthday.
CYour grandmother gives you $13,000 toward college.
DYour cousin gets a job paying $32,000 a year.
AA relative dies and leaves you $13,000 in the will.
BYou parents give you a car for your 16th birthday.
CYour grandmother gives you $13,000 toward college.
DYour cousin gets a job paying $32,000 a year.