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In 2 0 1 0 Casey made a taxable gift of $ 5 . 6 million to both Stephanie and Linda ( a total of
In Casey made a taxable gift of $ million to both Stephanie and Linda a total of $ million in taxable gifts
Calculate the amount of gift tax due this year and Casey's unused applicable credit under the following alternatives. Refer to Exhibit and Exhibit
Note: Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable.
Problem Part a Algo
a This year Casey made a taxable gift of $ million to Stephanie. Casey is not married, and the gift was the only other taxable gift he has ever made.
Answer is complete but not entirely correct.
tableGift tax due,$
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