In 2010 Casey made a taxable gift of $5.4 million to both Stephanie and Linda (a total of $10.8 million in taxable gifts). Calculate the amount of gift tax due this year and Caseys unused exemption equivalent under the following alternatives. (Refer to Exhibit 25-1 and Exhibit 25-2.) (Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable.)

b. This year Casey made a taxable gift of $15.4 million to Stephanie. Casey is not married, and the 2010 gift was the only other taxable gift he has ever made.

Gift tax due ____

Unused exemption equivalent ____

c. This year Casey made a gift worth $15.4 million to Stephanie. Casey is married to Helen in a common-law state, and the 2010 gift was the only other taxable gift he or Helen has ever made. Casey and Helen elect to gift split.

Casey's gift tax due ____

Casy'es unused exemption equivalent ____

Helen's gift tax due ____

Helen's unusd exemption equivalent ____

EXHIBIT 25-2 The Exemption Equivalent *The applicable credit and exemption are zero for taxpayers who opt out of the estate tax in 2010. EXHIBIT 25-1 Unified Transfer Tax Rates* *The applicable credit and exemption are zero for estates that opted out of the estate tax in 2010