Required information [The following information applies to the questions displayed below.) Roland had a taxable estate of $17.3 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 EXHIBIT 25-1 Unified Transfer Tax Rates* Tax Base Equal to or Over $ 0 Plus 18% of Amount Over $ 0 10,000 20 10,000 20,000 22 20,000 40,000 24 40.000 60,000 Not Over $10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 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 26 28 80,000 30 32 100,000 150,000 250,000 500,000 750,000 1,000,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 37 39 40 *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 Gift Tax $500,000 600,000 625,000 650,000 1998 1999 20002001 675,000 Estate Tax $500,000 600,000 625,000 650,000 675,000 1,000,000 1,500,000 2,000,000 3,500,000 5,000,000 20022003 2004-2005 20062008 2009-2010* 2011 1,000,000 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 2012 2013 5,120,000 5,250,000 5,340,000 2014 2015 5,430,000 5,450,000 2016 2017 2018 5,490,000 5,490,000 On 11,180,000 11,400,000 11,180,000 11,400,000 2019 *The applicable credit and exemption is zero for taxpayers who opt out of the estate tax in 2010