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In 2010 Casey made a taxable gift of $7.3 million to both Stephanie and Linda (a total of $14.6 million in taxable gifts). Calculate the

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In 2010 Casey made a taxable gift of $7.3 million to both Stephanie and Linda (a total of $14.6 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 25-1 and Exhibit 25-2.) Note: Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable. This year Casey made a gift worth $17.3 million to Stephanie. Casey married Helen last year, and they live in a common-law state. he 2010 gift was the only other taxable gift Casey or Helen has ever made. Casey and Helen elect to gift-split this year, 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. EXHIBIT 25-2 The Exemption Equivalent / Applicable Exclusion Amount applicable credit and exemption are zero for taxpayers who opt out of the estate ta In 2010 Casey made a taxable gift of $7.3 million to both Stephanie and Linda (a total of $14.6 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 25-1 and Exhibit 25-2.) Note: Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable. This year Casey made a gift worth $17.3 million to Stephanie. Casey married Helen last year, and they live in a common-law state. he 2010 gift was the only other taxable gift Casey or Helen has ever made. Casey and Helen elect to gift-split this year, 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. EXHIBIT 25-2 The Exemption Equivalent / Applicable Exclusion Amount applicable credit and exemption are zero for taxpayers who opt out of the estate ta

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