Aheahe recently donated $20 million to a local children's non-profit hospital. Which of the following statements is correct concerning the gift?
Select answer from the options below:
a) The hospital must pay taxes on the gift.
b) Since the gift was given to a charity, no federal taxes are owed on it.
c) Since the gift exceeds $17,000, Aheahe must pay federal taxes on it.
d) None of the choices is correct.