Last year Nate opened a savings account with a deposit of $17,550. The account was in the name of Nate and Derrick, joint tenancy with the right of survivorship. Derrick did not contribute to the account, but this year he withdrew $5,850.
a-1. Has Nate made a completed gift at the time of withdrawal?
a-2. What is the amount of the completed gift, if any, and when was the gift made?