7 Mr. Ito an unmarried individual, made a gift of real estate to his son. Assume the taxable year is 2021 Required: a. Compute the amount subject to federal gift tax when the FMV of the real estate was $4.75 million, and the transfer was Mr. Ito's first taxable gift b. Compute the amount subject to federal gift tax when the FMV of the real estate was $15 million, and the transfer was Mr. Ito's first taxable gift c. Compute the amount subject to federal gift tax when the FMV of the real estate was $15 million. Two years ago, Mr. Ito made his first taxable gift marketable securities with a $3 million FMV in excess of the annual exclusion Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below