Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his spouse, Kaffie, and the real estate to a church, The First Church of Methodology. The remainder of Tom's assets were to be placed in trust for three children. Tom's estate consisted of the following:

Assets:

Personal assets $ $1,550,000$

Cash and stock $24,500,000$

Intangible assets $($film rights$)74,000,000$

Real estate $15,500,000$

$ $115,550,000$

Liabilities:

Mortgage $ $3,700,000$

Other liabilities $4,600,000$

$ $8,300,000$

Problem $25-50$ Part a $($Algo$)$

a$.$ Tom made a taxable gift of $$5\mathrm{.}60$ million in $2011.$ Compute the estate tax for Tom's estate. $($Refer to Exhibit $25-1$ and Exhibit $25-2.)$

Note: Enter your answers in dollars, not millions of dollars.