Required information

Problem $14-50($LO $14-3)($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 $14-50$ Part a $($Algo$)$

a$.$ Tom made a taxable gift of $$6\mathrm{.}10$ 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.Required information

Problem $14-50($LO $14-3)($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 $14-50$ Part b $[$MUST MANUALLY GRADE$]($Algo$)$

Tom made a taxable gift of $$6\mathrm{.}10$ million in $2011.$ Compute the estate tax for Tom's estate

b$.$ Fill out lines $1$ through $12$ in part $2$ of Form $706$ for Tom's estate.

Note: Use $2023$ tax rules regardless of year on tax form.

Visit the IRS website and download Form $706.$ Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it

here by clicking "Browse." Next, click "Save."