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Required information [ The following information applies to the questions displayed below. ] Tom Hruise was an entertainment executive who had a fatal accident on

Required information
[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:
Assets:
Liabilities:
Mortgage
Other liabilities
a. Tom made a taxable gift of $6.60 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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