Suppose Vince dies this year with a gross estate of $145 million and no adjusted prior gifts. Assume the estate qualifies for the martial deduction.

Calculate the amount of estate tax due (if any) under the following alternative conditions. (Refer to Exhibit 25-1 and Exhibit 25-2.) Required:

1. Vince leaves his entire estate to his spouse, Millie.
2. Vince leaves $58 million to Millie and the remainder to charity.
3. Vince leaves $58 million to Millie and the remainder to his son, Paul.
4. Vince leaves $58 million to Millie and the remainder to a trust whose trustee is required to pay income to Millie for her life and the remainder to Paul.

(For all requirements, enter your answer in millions rounded to 2 decimal places. Leave no answer blank. Enter zero if applicable.)

Plus 18% 20 22 EXHIBIT 25-1 Unified Transfer Tax Rates* Tax Base Equal to or Over Not Over $ 0 $10,000 10,000 20,000 20,000 40,000 40,000 60,000 60,000 80,000 80,000 100,000 100,000 150,000 150,000 250,000 250,000 500,000 500,000 750,000 750,000 1,000,000 1,000,000 Tentative Tax $ 0 1,800 3,800 8,200 13,000 18,200 23,800 38,800 70,800 155,800 248,300 345,800 24 26 28 of Amount Over $ 0 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 30 32 34 37 39 40 *The applicable credit and exemption are zero for estates that opted out of the estate tax in 2010. EXHIBIT 25-2 The Exemption Equivalent Year of Transfer Gift Tax Estate Tax 1986 $500,000 $500,000 19871997 600,000 600,000 1998 625,000 625,000 1999 650,000 650,000 2000-2001 675,000 675,000 2002-2003 1,000,000 1,000,000 2004-2005 1,000,000 1,500,000 2006-2008 1,000,000 2,000,000 2009-2010* 1,000,000 3,500,000 2011 5,000,000 5,000,000 2012 5,120,000 5,120,000 2013 5,250,000 5,250,000 2014 5,340,000 5,340,000 2015 5,430,000 5,430,000 2016 5,450,000 5,450,000 2017 5,490,000 5,490,000 2018 11,180,000 11,180,000 2019 11,400,000 11,400,000 2020 11,580,000 11,580,000 *The applicable credit and exemption are zero for taxpayers who opt out of the estate tax in 2010