Assume that your single aunt Zelda becomes very ill and makes a gift of $$13,000,000$ to you.

Assuming that she has not made any previous taxable gifts, calculate the gift tax that she will owe:

$1.$ Total Current Year Gifts

$2.$ Less Annual Exclusions and deductions for martial and charitable gifts

CLUE: LESS the total exclusions & deductions $($ex Annual exclusions, marital deduction, charitable deduction, etc$)$

$3.$ Total Current Year Taxable Gifts

$4.$ Plus Taxable Gifts From Prior Years

CLUE: PLUS the total taxable gifts from PRIOR calendar years

$5.$ Total Taxable Gifts

$6.$ CALCULATE Tax on Total Taxable Gifts

CLUE: Tax on the total gifts $($current year and prior years combined$)$ using the current tax rate schedule

$7.$ Tax on Prior Gifts

CLUE: Tax on the prior year gifts ONLY based on current tax rate

$8.$ Balance

CLUE: BALANCE of Gift Tax for Current Year

$9.$ Applicable Credit

$10.$ Applicable Credit Used in Prior Years

$11.$ Balance $($Subtract $10$ from $9)$

$12.$ Applicable Credit $($smaller of $8$ or $11)$

$13.$ Total Gift Tax

CLUE: Total Gift Tax $(8-12)$

NOTE: When Answering, number $1-13$ for ALL answers, USE $2022$ tax laws.