Required information [The following information applies to the questions displayed below.] Roland had a taxable estate of $16.2 million when he died this year. 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. Estate tax due Required information [The following information applies to the questions displayed below.) Roland had a taxable estate of $16.2 million when he died this year. 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.) b. Roland's prior taxable gifts consist of a taxable gift of $1.5 million in 2005. Estate tax due Required information [The following information applies to the questions displayed below.) Roland had a taxable estate of $16.2 million when he died this year. 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.) C. Roland made a $1 million taxable gift in the year prior to his death. Estate tax due Estate tax due s 0 EXHIBIT 25-1 Unified Transfer Tax Rates* Plus 18% Tax Base Equal to or Over $ 0 10,000 20,000 40,000 60,000 80,000 Not Over $10,000 20,000 40,000 60,000 20 of Amount Over $ 0 10,000 20,000 40,000 60,000 22 24 80,000 100,000 Tentative Tax $ 0 1,800 3,800 8,200 13,000 18,200 23,800 38,800 70,800 155,800 248,300 345,800 28 80,000 150,000 30 T 100,000 150,000 250,000 250,000 32 100,000 150,000 250,000 500,000 500,000 34 500,000 750,000 37 1,000,000 39 750,000 750,000 1,000,000 40 1,000,000 *The applicable credit and exemption is zero for estates that opted out of the estate tax in 2010. EXHIBIT 25-2 The Exemption Equivalent Year of Transfer 1986 19871997 1998 Gift Tax $500,000 600,000 625,000 650,000 675,000 Estate Tax $500,000 600,000 625,000 650,000 675,000 1,000,000 1999 1,000,000 20002001 20022003 2004-2005 20062008 20092010* 1,500,000 2011 2012 2013 1,000,000 1,000,000 1,000,000 5,000,000 5,120,000 5,250,000 5,340,000 5,430,000 5,450,000 5,490,000 11,180,000 11,400,000 2014 2015 2016 2,000,000 3,500,000 5,000,000 5,120,000 5,250,000 5,340,000 5,430,000 5,450,000 5,490,000 11,180,000 11,400,000 2017 2018 2019 *The applicable credit and exemption is zero for taxpayers who opt out of the estate tax in 2010