In 2015, Homer and his wife, Wilma (residents of a non community property state) make the gifts listed below. Homers previous taxable gifts consist of $100,000 made in 1975 and $1.4 million made in 1996. Wilma has made no previous taxable gifts.

Wilmas current year gifts were
to Art			$400,000
to Bart			$6,000
Homer's current year gifts were
to Linda			$600,000
to a chartibale organization			$100,000
to Norma (future interst)			$200,000

a) What are the gift tax liabilities of Homer and Wilma for 2015 if they elect gift spliting and eveyone except Norma receives a present interest?

b) How would the gift tax liabilities for each spouse in Part a change if they do not elect gift splitting?

***Total taxable gifts for each taxpayer is $572,000.***