Banele had a taxable estate of $17.4 million when they died this year. Calculate the...
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Accounting
Banele had a taxable estate of $17.4 million when they 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.) 2022 AMOUNT: 12,060,000 Note: Enter your answers in dollars and not in millions of dollars.
b. Banele's prior taxable gifts consist of a taxable gift of $1.5 million in 2005.
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