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Required information [ The following information applies to the queslions displayed below ] In 2 0 1 0 Casey made a taxable gift of $

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Required information
[The following information applies to the queslions displayed below]
In 2010 Casey made a taxable gift of $7.2 million to both Stephanie and Linda (a total of $14.4 million in taxable gifts).
Calculate the amount of gift tax due this year and Casey's unused applicable credit under the following alternatives, Pefter to Exhinit 25-1 and Exhibit 25-2.)
Note: Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable,
a. This year Casey made a taxable gift of $1 million to Stephanie. Casey is not married, and the 2010 gift was the only other taxable gift he has ever made.
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