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! Required information [The following information applies to the questions displayed below.] Roland had a taxable estate of $16.6 million when he died this
! Required information [The following information applies to the questions displayed below.] Roland had a taxable estate of $16.6 million when he died this year. Required: Calculate the amount of estate tax due (if any) under the following alternatives. (Refer to Exhibit 25-1 and Exhibit 25-2.) (Enter your answers in dollars and not in millions of dollars.) a. Roland's prior taxable gifts consist of a taxable gift of $1 million in 2005. Answer is complete but not entirely correct. Estate tax due $ 2,568,000 b. Roland's prior taxable gifts consist of a taxable gift of $1.5 million in 2005. > Answer is complete but not entirely correct. Estate tax due $ 2,568,000 c. Roland made a $1 million taxable gift in the year prior to his death. > Answer is complete but not entirely correct. Estate tax due $ 0
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