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	$ 1,240,000
Cash and stock	24,700,000
Intangible assets (film rights)	75,000,000
Real estate	15,700,000
	$ 116,640,000
Liabilities:
Mortgage	$ 3,900,000
Other liabilities	4,800,000
	$ 8,700,000

a. Tom made a taxable gift of $5.80 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.

\begin{tabular}{|l|l|} \hline Gross estate & \\ \hline Marital Deduction & \\ \hline Charitable Deduction \\ \hline Debts \\ \hline Taxable Estate & \\ \hline Adjusted taxable gifts & \\ \hline Cumulative taxable transfers & \\ \hline Tax on cumulative transfers \\ \hline Less taxes paid on prior gifts & \\ \hline Tentative estate tax & Applicable credit (tax on $12.06 million) \\ \hline Estate Tax Due & \\ \hline \end{tabular} 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. *The estate tax was optional for decedents dying in 2010. In lieu of the estate tax, executors could opt to have the adjusted tax basis of the assets in the gross estate carry over to the heirs of the decedent. The applicable credit and exemption are zero for taxpayers who opt out of the estate tax in 2010