Question

In which of the following situations would someone have to pay a gift tax?

a. a relative dies and leaves you $13,000 in the will.
b. your cousin gives you a car worth $1,700.
c. your grandmother gives you $13,000 toward college.
d. your cousin gets a job paying $32,000 a year.

Answer 1

I reckon the answer is b. It's not A because that is an inheritance tax.