Julia, a widow, died in 2021 with a $12,5 million taxable estate. In 2020 she made only one taxable gift of $20,000 after using an annual exclusion ($35,000-$15,000). The tax on the gift ($3800) was not paid because Julia used $3800 of her unified credit to offset the tas. Therefore, when Julia's executor added back $20,000 of adjusted taxable gifts on her IRS Form 706, it restored the $3800 of the unified credit. That is why a unified credit (of $4,625,800) in 2021 can be subtracted on IRS Form 706 to reduce the estate tax regardless of the amount of taxable gifts made in a donor's lifetime. Based on this information what is the Estate Tax Due for Julia's estate? Federal Estate Tax Calculation Worksheet $ $ $ 12,500,000 $ Gross Estate Funeral and Administrative Expenses Debts and Taxes Casualty and Theft Loss Total deductions Adjusted Gross Estate Marital Deduction Charitable Deduction State Death Tax Deduction Total deductions Taxable Estate +Adjusted Taxable Gifts Tentative Tax Base Tentative Tax (compute tax) -Gift tax paid or payable (credit) Estate Tax Payable before Credits Tax Credits -Unified Credit ($4,625,800) -Prior Transfer Credit -Foreign Death Tax Credit Total Credits $ $ 20,000 $ $ $ $ $ Federal Estate Tax Payable $ a. $422,200 b. $328,000 c. $368,000 d. $536,000 e. $0 Julia, a widow, died in 2021 with a $12,5 million taxable estate. In 2020 she made only one taxable gift of $20,000 after using an annual exclusion ($35,000-$15,000). The tax on the gift ($3800) was not paid because Julia used $3800 of her unified credit to offset the tas. Therefore, when Julia's executor added back $20,000 of adjusted taxable gifts on her IRS Form 706, it restored the $3800 of the unified credit. That is why a unified credit (of $4,625,800) in 2021 can be subtracted on IRS Form 706 to reduce the estate tax regardless of the amount of taxable gifts made in a donor's lifetime. Based on this information what is the Estate Tax Due for Julia's estate? Federal Estate Tax Calculation Worksheet $ $ $ 12,500,000 $ Gross Estate Funeral and Administrative Expenses Debts and Taxes Casualty and Theft Loss Total deductions Adjusted Gross Estate Marital Deduction Charitable Deduction State Death Tax Deduction Total deductions Taxable Estate +Adjusted Taxable Gifts Tentative Tax Base Tentative Tax (compute tax) -Gift tax paid or payable (credit) Estate Tax Payable before Credits Tax Credits -Unified Credit ($4,625,800) -Prior Transfer Credit -Foreign Death Tax Credit Total Credits $ $ 20,000 $ $ $ $ $ Federal Estate Tax Payable $ a. $422,200 b. $328,000 c. $368,000 d. $536,000 e. $0