Harold and Maude are marned and lIive In a common-law state. Nether have m thelr property. She dies with a taxable estate of $25 million and leaves It all to Harold. He dles several years later, leaving the entire $25 million to their three children. (Refer to Exhibit 25-1 and Exhibit 25-2) ade any taxable gifts and Maude owns (holds title to) all Calculate how much estate tax is due from Harold's estate. (Enter your answer In dollars and not In millions of dollars.) Answer is complete but not entirely correct. Estate tax due $ 1,040.000 EXHIBIT 25-1 Unified Transfer Tax Rates Tax Base Equal to or Over Plus 18% 20 Not Over Tentative Tax of Amount Over 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 80,000 100,000 150,000 250,000 500,000 750,000 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 0 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 The applicable credit and exemption is zero for estates that opted out of the estate tax In 2010 Harold and Maude are marned and lIive In a common-law state. Nether have m thelr property. She dies with a taxable estate of $25 million and leaves It all to Harold. He dles several years later, leaving the entire $25 million to their three children. (Refer to Exhibit 25-1 and Exhibit 25-2) ade any taxable gifts and Maude owns (holds title to) all Calculate how much estate tax is due from Harold's estate. (Enter your answer In dollars and not In millions of dollars.) Answer is complete but not entirely correct. Estate tax due $ 1,040.000 EXHIBIT 25-1 Unified Transfer Tax Rates Tax Base Equal to or Over Plus 18% 20 Not Over Tentative Tax of Amount Over 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 80,000 100,000 150,000 250,000 500,000 750,000 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 0 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 The applicable credit and exemption is zero for estates that opted out of the estate tax In 2010