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Required information [The following information applies to the questions displayed below.] In 2010 Casey made a taxable gift of $6.3 million to both Stephanie and

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Required information [The following information applies to the questions displayed below.] In 2010 Casey made a taxable gift of $6.3 million to both Stephanie and Linda (a total of $12.6 million in taxable gifts). Calculate the amount of gift tax due this year and Casey's unused applicable credit under the following aiternatives. (Refer to Exhibit 25-1 and Exhibit 25-2.) Note: Enter your answers in dollars, not millions of dollars. Leave no onswer blank. Enter zero if applicable. This year Casey made a taxable gift of $1 million to Stephanie. Casey is not married, and the 2010 gift was the only other taxable gift e has ever made. EXHIBIT 25-1 Unified Transfer Tax Rates* -The applicable credit and exemption are zero for estates that opted out of the estate tax in 2010. EXHIBIT 25-2 The Exemption Equivalent / Applicable Exclusion Amount zero for taxpayers optional for decedents dying in 2010. In lieu of the estate tax, executors could opt to have th

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