Return to q Required information The following information applies to the questions displayed below In 2010 Casey made a taxable gift of $5 million to both Stephanie and Linda (a total of $10 million in taxable gifts). Calculate the amount of gift tax due this year and Casey's unused exemption equivalent under the following alternatives. (Refer to Exhibit 25-1 answer blank. Enter zero if applicable.) (Enter your answers in dollars, not millions of dollars. Leave no and Exhibit b. This year Casey made a taxable gift of $15 milion to Stephanie. Casey is not married, and the 2010 gift was the only other taxat gift he has ever made. Answer is not complete Gift tax due 0 Unused exemption equivalent KHIBIT 25-1 Unified Transfer Tax Rates* Tax Base Equal to or Over Not Over Tentative Tax of Amount Over $ 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 18% 20 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 1,800 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 3,800 8,200 13,000 18,200 23,800 38,800 70,800 155,800 248,300 345,800 24 28 30 34 37 The applicable credit and exemption s zero for estates that opted out of the estate tax in 2010 EXHIBIT 25-2 The Exemption Equivalent Year of Gift TaxEstate Tax Transfer 1986 1987-1997 1998 S 500,000 500,00 600.000 600.000 625.000 625,000 650.000 675.000 1.000.000 1.000.000 1.500,000 1.000.000 2.000.000 3.500,000 5.000.000 1999 650.000 2000 2001675000 6.000 675,000 2002-2003 2004-2005 2006-2008 2009-201 0 2011 2012 2013 2014 2015 1.000.000 1 .000.000 5.000,000 5.120.000 5.120 5,250,000 5,340,000 5,430,000 5,450,000 5,490,000 I 1,180.000 11,180,000 5,250,000 5,340,000 5,430,000 5,450,000 5,490,000 2016 2017 2018 The applicable oredit and exemption is zeso fos taxpayers who opt out of the estate tax . 2010