Angelina gave a parcel of realty to Julie valued at $178,750 (Angelina purchased the property five years ago for $75,500). Required: a. Compute the amount of the taxable gift on the transfer, if any. b. Suppose several years later Julle sold the property for $185,550. What is the amount of her gain or loss, if any, on the sale? a. Amount of taxable gift b. In 2010 Casey made a taxable gift of $6.6 million to both Stephanie and Linda (a total of $13.2 million in taxable gifts). Calculate the amount of gift tax due this year and Casey's unused exemption equivalent under the following alternatives. (Refer to Exhibit 25-1 and Exhibit 25-2.) (Enter your answers in dollars, not mllions of dollars. Leave no answer blank. Enter zero if applicable.) a. This year Casey made a taxable gift of $1 million to Stephanie. Casey is not married, and the 2010 gift was the only other taxable gift he has ever made. Gift tax due Unused exemption equivalent b. This year Casey made a taxable gift of $16.6 million to Stephanie. Casey is not married, and the 2010 gift was the only other taxable gift he has ever made. Gift tax due Unused exemption equivalent c. This year Casey made a gift worth $16.6 million to Stephanie. Casey is married to Helen in a common-law state, and the 2010 gift was the only other taxable gift he or Helen has ever made. Casey and Helen elect to gift split. Casey's gift tax due Casey's unused exemption equivalent Helen's gift tax due Helen's unused exemption equivalent Red transferred $4.895,000 of cash to State University for a new sports complex. Calculate the amount of the taxable gift. (Leave no answer blank. Enter zero if applicable.) Amount of taxable gift