($15.000+ $15,000 $7,000] Gift Tax Calculation Total Gifts 106,000 Plus GSTT Tax Paid Less Annual Exclusions ($37.000) Less qualified transfers ($19.000) Less marital deductions $0 Equals: Total Taxable Gifts $50,000 Add: Previous Taxable Gifts (post 1976) $1,000,000 Equals: Tentative Tax Base (TTB) $1,050,000 Tentative Tax (TT) $365,800 Less: Previous Gift Tax Paid $0 Less: Unified Credit ($365,800) Equals: Gift Tax Liability SO answer to #23) (5345,800 +0.40 ($50,000) (answer to # 24) Calculate Jordan's gift tax liability due for 2020. a. 50 b. $13,200. $16,120 d. $20,000