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explain your computation in detail. In 2010 Casey made a taxable gift of $7.0 million to both Stephanie and Linda (a total of $14.0 million

In 2010 Casey made a taxable gift of $7.0 million to both Stephanie and Linda (a total of $14.0 million in EXHIBIT 25-1 Unified Transfer Tax Rates* Tax Base Equal to or Over $0 10,000 20,000 22 40,000 24 60,000 EXHIBIT 25-2 The Exemption Equivalent /Applicable Exclusion Amount Year of Transfer Gift Tax Estate Tax  explain your computation in detail.

In 2010 Casey made a taxable gift of $7.0 million to both Stephanie and Linda (a total of $14.0 million in taxable gifts). Calculate the amount of gift tax due this year and Casey's unused applicable credit under the following alternatives. c. This year Casey made a gift worth $17.0 million to Stephanie. Casey married Helen last year, and they live in a common-law state. The 2010 gift was the only other taxable gift Casey or Helen has ever made. Casey and Helen elect to gift-split this year. Casey's gift tax due Casey's unused applicable credit Helen's gift tax due Helen's unused applicable credit

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