In the computation of the gift tax, a credit is allowed. For 2015, the amount of this credit is the tax on $5,430,000 of taxable gifts$2,117,800. Of course, this credit is a lifetime credit, so to the extent the credit has been used to shelter taxable gifts in prior years, it is no longer available to shelter this years gifts. For each of the following independent scenarios, determine the amount of the credit that would be allowed for current year gifts. Hint: Take a look at Table 2 in appendix of the textbook to see how the AEA and unified credit have changed over the years.

	1)No taxable gifts had been made in any previous years.
	2)In 2006, taxable gifts of $250,000 were made.
	3)In 2004, taxable gifts of $1.500,000 were made.
	4)In 2011, taxable gifts of $1.500,000 were made.
	5)In 1996, taxable gifts of $1.500,000 were made.

A.	$2,117,800
B.	$1,772,000
C.	$345,800
D.	$2,047,000
E.	None of the other answers is correct
F.	$1,925,000
G.	$1,772,800
H.	$1,572,000