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Exercise 27-19 (Algorithmic) (LO. 3) Elizabeth made taxable gifts of $6,800,000 in 2020 and $8,840,000 in 2022 . She paid no gift tax on the

Exercise 27-19 (Algorithmic) (LO. 3) Elizabeth made taxable gifts of $6,800,000 in 2020 and $8,840,000 in 2022 . She paid no gift tax on the 2020 transfer. On what amount is the Federal gift tax computed for the 2022 gift? x

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