Harold and Maude were married and lived in a common-law state. Maude died in 2018 with a taxable estate of $25 million and left it all to Harold. Maude's executor filed a timely estate tax return claiming the marital deduction for the property left to Harold including a valid portability election. Harold died this year, leaving the entire $25 million to their three children.(Refer to Exhibit 25-1 and Exhibit 25 2) Calculate how much estate tax is due from Harold's estate under the following two alternatives. a. Assume that nelther Harold nor Maude had made any taxable gifts prior to this year. b. Assume that Harold and Maude each made a $1 million taxable gift in 2011 and offset the gift tax at that time with the applicable credit. Note: For all requirements, enter your answers in dollars and not in millions of dollars. EXHIBIT 25.1 Unified Transfer Tax Rates* EXHIBIT 25-2 The Exemption Equivalent / Applicable Exclusion Amount \begin{tabular}{|l|c|c|} \hline \multicolumn{1}{|c|}{ Year of Transfer } & Gift Tax & Estate Tax \\ \hline 1986 & $500,000 & $500,000 \\ \hline 19871997 & 600,000 & 600,000 \\ \hline 1998 & 625,000 & 625,000 \\ \hline 1999 & 650,000 & 650,000 \\ \hline 20002001 & 675,000 & 675,000 \\ \hline 20022003 & 1,000,000 & 1,000,000 \\ \hline 20042005 & 1,000,000 & 1,500,000 \\ \hline 20062008 & 1,000,000 & 2,000,000 \\ \hline 20092010 & 1,000,000 & 3,500,000 \\ \hline 2011 & 5,000,000 & 5,000,000 \\ \hline 2012 & 5,120,000 & 5,120,000 \\ \hline 2013 & 5,250,000 & 5,250,000 \\ \hline 2014 & 5,340,000 & 5,340,000 \\ \hline 2015 & 5,430,000 & 5,430,000 \\ \hline 2016 & 5,450,000 & 5,450,000 \\ \hline 2017 & 5,490,000 & 5,490,000 \\ \hline 2018 & 11,180,000 & 11,180,000 \\ \hline 2019 & 11,400,000 & 11,400,000 \\ \hline 2020 & 11,580,000 & 11,580,000 \\ \hline 2021 & 11,700,000 & 11,700,000 \\ \hline 2022 & 12,060,000 & 12,060,000 \\ \hline 2023 & 12,920,000 & 12,920,000 \\ \hline \end{tabular} *The estate tax was optional for decedents dying in 2010 lien