b. Fill out lines 1 through 12 in part 2 of Form 706 for Toms estate.

Required information The following information applies to the questions displayed below.] Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his wife, Kaffie, the real estate to his church, The First Church of Methodology, and the remainder of his assets were to be placed in trust for his three children. Tom's estate consisted of the following: (Enter your answers in dollars, not millions of dollars.) Assets: Personal assets Cash and stock Intangible assets (film rights) Real estate $800,000 24,000,000 71,500,000 15,000,000 $111,300,000 Liabilities: Mortgage Other liabilities $3,200,000 4,100,000 $ 7,300,000 a. Tom made a taxable gift of $8 million in 2011. Compute the estate tax for Tom's estate. (Refer to Exhibit 25-1 and Exhibit 25-2) $ 111,300,000 Gross estate Debts Adiustable aross estate 7,300,000 Required information The following information applies to the questions displayed below.] Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his wife, Kaffie, the real estate to his church, The First Church of Methodology, and the remainder of his assets were to be placed in trust for his three children. Tom's estate consisted of the following: (Enter your answers in dollars, not millions of dollars.) Assets: Personal assets Cash and stock Intangible assets (film rights) Real estate $800,000 24,000,000 71,500,000 15,000,000 $111,300,000 Liabilities: Mortgage Other liabilities $3,200,000 4,100,000 $ 7,300,000 a. Tom made a taxable gift of $8 million in 2011. Compute the estate tax for Tom's estate. (Refer to Exhibit 25-1 and Exhibit 25-2) $ 111,300,000 Gross estate Debts Adiustable aross estate 7,300,000