In 2010 Casey made a taxable gift of $5.7 million to both Stephanie and Linda (a total of $11.4 million in taxable gifts). Required: Calculate the amount of gift tax due this year and Casey's 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.) a. This year Casey made a taxable gift of $1 million to Stephanie. Casey is not married, and the 2010 gift was the only other taxable gift he has ever made. $ 0 Gift tax due Unused exemption equivalent 999 DScreen Shot 2022-03-15 at 2.22... Estate Tax $500,000 EXHIBIT 25-1 Unified Transfer Thx Rates EXHIBIT 25-2 The Exemption Equivalent Year of Transfer Gift Tax 1986 S500.000 1987-1997 600,000 1998 625.000 1999 650.000 600.000 Tax Base Equal to or Over Tentative Tax Plus of Amount Over Not Over $10.000 18% $ 0 10,000 625,000 650.000 20 10.000 20.0XXO 40.0XX 675.000 22 2000-2001 2002-2003 675.000 1.000.000 1.000.000 20.000 40.000 60.000 80.000 100,000 150,000 250.000 24 26 2004-2005 60,000 ) 80,000 100.000 we 150.000 250.000 500.00 28 S0 1,800 3,800 8,200 13,000 18,200 23.800 38.800 70.800 155,800 248,300 345 800 20.000 40.000 60,000 w 80,000 100.000 150.000 250.000 500.000 750.000 1,000XX 30 32 1,500,000 2,000,000 3,500,000 2006-2008 2009-2010 2011 34 500.000 750.00 2012 5.000.000 5,120.000 5.250.000 37 no non 39 2013 750.000 1,0XXXX) 40 2014 1,000,000 1,000,000 1,000,000 5.000.000 5,120,000 5,250,000 5,340.000 5,430,000 5,450,000 5,490,000 11,180,000 11,400.000 11,580,000 *The applicable credit and exemption are zero for estates that opted out of the estate tax in 2010. 2015 5,340,000 5,430,000 5.450.000 2016 2017 5,490,000 2018 2019 11.180,000 11,400,000 11,580,000 11,700,000 2020 2021 11,700,000 *The applicable credit and exemption are zero for taxpayers who opt out of the estate tax in 2010