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Elizabeth made taxable gifts of $3,000,000 in 2019 and $14,000,000 in 2021. She paid no gift tax on the 2019 transfer. On what amount is

Elizabeth made taxable gifts of $3,000,000 in 2019 and $14,000,000 in 2021. She paid no gift tax on the 2019 transfer.

On what amount is the Federal gift tax computed for the 2021 gift? _________

INCORRECT ANSWERS: $17,000,000 $11,580,000 $16,970,000 $16,850,000 $16,700,000 $11,400,000 $5,600,000 $14,000,000 $5,420,000

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