Answer:
$84,000
Explanation:
Based on the scenario being described within the question it can be said that the maximum amount that they can gift would be $84,000. This is because the maximum that can be given in 2017 is $14,000 to any single individual. Therefore the maximum is calculated as the following = $14,000 × Number of children × Number of spouses giving gifts
. Now we plug in the values from this situation:
=$14,000 × 3 × 2
=$84,000
Leaving us with a total gifting amount of $84,000
