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Problem 25-50 (LO 25-3) (Algo) [The following information applies to the questions displayed below.] Tom Hruise was an entertainment executive who had a fatal accident
Problem 25-50 (LO 25-3) (Algo) [The following information applies to the questions displayed below.] Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his spouse, Kaffie, and the real estate to a church. The First Church of Methodology. The remainder of Tom's assets were to be placed in trust for three children. Tom's estate consisted of the following: Problem 25-50 Part a (Algo) Tom made a taxable. gift of $6.50 million in 2011. Compute the estate tax for Tom's estate. (Refer to Exhibit.25.1 and Exhibit.25.2) Note: Enter your answers in dollars, not millions of dollars
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