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Exercise 18-19 (Algorithmic) (LO. 3) Elizabeth made taxable gifts of $6,500,000 in 2019 and $8,580,000 in 2021. She paid no gift tax on the 2019

Exercise 18-19 (Algorithmic) (LO. 3) Elizabeth made taxable gifts of $6,500,000 in 2019 and $8,580,000 in 2021. She paid no gift tax on the 2019 transfer. On what amount is the Federal gift tax computed for the 2021 gift

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