Required information [The following information applies to the questions displayed below.] Banele had a taxable estate of $17.7 million when they died this year. Calculate the amount of estate tax due (if any) under the following alternatives. (Refer to and Note: Enter your answers in dollars and not in millions of dollars. a. Banele's prior taxable gifts consist of a taxable gift of \$1 million in 2005 . Required information [The following information applies to the questions displayed below.] Banele had a taxable estate of $17.7 million when they died this year. Calculate the amount of estate tax due (if any) under the following alternatives. (Refer to and Note: Enter your answers in dollars and not in millions of dollars. b. Banele's prior taxable gifts consist of a taxable gift of \$1.5 million in 2005 . EXHIBIT 25-1 Unified Transfer Tax Rates* EXHIBIT 25-2 The Exemption Equivalent / Applicable Exclusion Amount \begin{tabular}{|l|c|c|} \hline \multicolumn{1}{|c|}{ Year of Transfer } & Gift Tax & Estate Tax \\ \hline 1986 & $500,000 & $500,000 \\ \hline 19871997 & 600,000 & 600,000 \\ \hline 1998 & 625,000 & 625,000 \\ \hline 1999 & 650,000 & 650,000 \\ \hline 20002001 & 675,000 & 675,000 \\ \hline 20022003 & 1,000,000 & 1,000,000 \\ \hline 20042005 & 1,000,000 & 1,500,000 \\ \hline 20062008 & 1,000,000 & 2,000,000 \\ \hline 20092010 & 1,000,000 & 3,500,000 \\ \hline 2011 & 5,000,000 & 5,000,000 \\ \hline 2012 & 5,120,000 & 5,120,000 \\ \hline 2013 & 5,250,000 & 5,250,000 \\ \hline 2014 & 5,340,000 & 5,340,000 \\ \hline 2015 & 5,430,000 & 5,430,000 \\ \hline 2016 & 5,450,000 & 5,450,000 \\ \hline 2017 & 5,490,000 & 5,490,000 \\ \hline 2018 & 11,180,000 & 11,180,000 \\ \hline 2019 & 11,400,000 & 11,400,000 \\ \hline 2020 & 11,580,000 & 11,580,000 \\ \hline 2021 & 11,700,000 & 11,700,000 \\ \hline 2022 & 12,060,000 & 12,060,000 \\ \hline 2023 & 12,920,000 & 12,920,000 \\ \hline \end{tabular} estate tax in 2010