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Roland had a taxable estate of $15.9 million when he died this year. Calculate the amount of estate tax due (if any) under the following
Roland had a taxable estate of $15.9 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. Rolands prior taxable gifts consist of a taxable gift of $1 million in 2005.
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