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Required information [The following information applies to the questions displayed below) Roland had a taxable estate of $18.0 million when he died this year. Calculate

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Required information [The following information applies to the questions displayed below) Roland had a taxable estate of $18.0 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 $18.0 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 $18.0 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 LI EXHIBIT 25-2 The Exemption Equivalent Year of Transfer Gift Tax 1986 $500,000 19871997 600,000 1998 625,000 1999 650,000 2000-2001 675,000 2002-2003 1,000,000 2004-2005 1,000,000 2006-2008 | 1,000,000 2009-2010* 1,000,000 2011 1 5,000,000 | 2012 5,120,000 1 2013 5,250,000 2014 5,340,000 2015 5,430,000 2016 5,450,000 5,490,000 2018 11,180,000 2019 11,400,000 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 5,120,000 5,250,000 5,340,000 5,450,000 2017 5,490,000 11,180,000 11,400,000 *The applicable credit and exemption is zero for taxpayers who opt out of the estate tax in 2010

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