Harold and Maude are marmed and live in a common-law state. Nether have made any taxable gifts and Maude thelr property. She dies with a taxable estate of $25 million $25 million to their three chidren. (Refer to Exhibit 25-1 and Exhilbit 25-2) owns (hoids ttle toj all and leaves It allto Harold. He dies several years later leaving the entire Calculate how much estate tax is due from Harold's estate. (Ent r your answer in dollers and not in millions of dolilers.) Answer is complete but not entirely correct. Estate tax due1.001,800 EXHIBIT 25-1 Unified Transfer Tax Rates Tax Base Equal to or Over Not Over Tentative Tax Plus of Amount Over 0 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 18% 20 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 $ 10,000 20,000 40,000 60,000 80,000 100,000 50,000 250,000 500,000 750,000 1,000,000 0 1,800 3,800 8,200 13,000 18,200 23,800 38,800 70,800 155,800 248,300 345,800 24 26 28 30 32 34 37 39 40 The applicable credit and exemption is zero for estates that opted out of the estate tax in 2010 Year of Transfer Glit Tax Estate Tax 1986 s 500.000 S 500,000 1987-1997 1998 1999 2000-2001 2002-2003 2004-2005 2006-2008 600,000 600,000 625,000 625,000 650.000 675,000 1,000,000 1,000.000 1,000,000 1,000,000 5.000.000 650.000 675,000 1,000,000 1,500.000 2.000,000 3.500.000 5,000.000 2009-2010* 2011 5.120.000 5.120, 2012 2013 2014 2015 2016 5,250,000 5.340.000 5.430.000 5,450.000 5,490.000 11.130.000 5.250,000 5.340.000 5.430.000 5.450.000 5, 190.000 0 201