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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 a film
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 wife, Kaffic, and the real estate to his church, The First Church of Methodology. The remainder of his assets were to be placed in trust for his three children. Tom's estate consisted of the following: $ 1.620, Assets: Personal assets Cash and stock Intangible assets (Fil rights) Real estate 1.00, 16.980, $ 124,820,00 Liabilities: Marta Other liabilities $ 5.100.000 6.000, 11,180,80 a. Tom made a texable gift of $7.00 million in 2011. Compute the estate tax for Tom's estate. (Refer to Exhib25-1 and Exchait 25-2) (Enter your answers in dollars, not millions of dollars.) Grossestate Dobis Adjustable grosseto Marital deduction Charitable deduction Table estate Adjusted tablets Cumulative table transfers Current tax rates Tax on cumulative transfers Gitts payable on adjusted table gifts at current rate Tentative estate tax Applicable credit Grossestatietex
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