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Required information [ The following information applies to the questions displayed below. ] Brad and Angelina are a married couple who have three children, Fred,

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Required information
[The following information applies to the questions displayed below.]
Brad and Angelina are a married couple who have three children, Fred, Bridget, and Lisa. Two of the three children, Fred and Bridget, are from Brad's previous marriages. On Christmas this year, Brad gave each of the three children a cash gift of $10,000, and Angelina gave Lisa an adaitional cash gift of $40,000. Brad also gave stock worth $60,000(adjusted basis of $10,000) to the Actors Guild (an "an" charity).(Refer to Exhibit 25-1 and Exhibit 25-2.)
a. Brad and Angelina have chosen to split gifts. Calculate Brad's gift tax. Assume that Angelina has no previous taxable gifts, but Brad reported previous taxable gifts of $2 million in 2009 when he used $345,800 of applicable credit and paid $435,000 of gift taxes.
Note: Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and not in millions of dollars.
Brad's gift tax
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