In 2019, sayer, who is single, have an outright gift of $53,000 to a friend, johnson, who needed the money to pay medical expenses. in filing the 2019 gift tax return, sayer was entitled to a maximum exclusion of

$53,000

Explanation:

Remember, Johnson, needed the money to pay medical expenses. It is important to note that even though any gift is a taxable gift, there are many exceptions to the tax rule. One such gift that is not taxable is; Medical expenses you pay for someone.

In filing the 2019 gift tax return Sayer would by entitled to an exclusion of $53,000.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20