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In 2010 Casey made a taxable gift of $5.8 million to both Stephanie and Linda (a total of $11.600 million in taxable gifts). Calculate the

In 2010 Casey made a taxable gift of $5.8 million to both Stephanie and Linda (a total of $11.600 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.)

a. This year Casey made a taxable gift of $1.00 million to Stephanie. Casey is not married, and the 2010 gift was the only other taxable gift he has ever made. (Leave no answer blank. Enter zero if applicable. Enter your answers in dollars, not millions of dollars.)

b. This year Casey made a taxable gift of $5.8 million to Stephanie. Casey is not married, and the 2010 gift was the only other taxable gift he has ever made. (Leave no answer blank. Enter zero if applicable. Enter your answers in dollars, not millions of dollars.)

In 2010 Casey made a taxable gift of $5.8 million to both Stephanie and Linda (a total of $11.600 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.)

c. This year Casey made a gift worth $5.8 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. (Leave no answer blank. Enter zero if applicable. Enter your answers in dollars, not millions of dollars.)

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