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  3. in 2010 casey made a taxable gift of $6.2 million

In 2010 Casey made a taxable gift of $6.2 million to both Stephanie and Linda...

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Accounting

In 2010 Casey made a taxable gift of $6.2 million to both Stephanie and Linda (a total of $12.4 million in taxable gifts).
Calculate the amount of gift tax due this year and Casey's unused applicable credit under the following alternatives. (Refer to Exhibit 25-1 and Exhibit 25-2.)
Note: Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable.
c. This year Casey made a gift worth $16.2 million to Stephanie. Casey married Helen last year, and they live in a common-law state. The 2010 gift was the only other taxable gift Casey or Helen has ever made. Casey and Helen elect to gift-split this year.
\table[[Casey's gift tax due,$,0],[Casey's unused applicable credit,$,8],[Helen's gift tax due,$,0],[Helen's unused applicable credit,$,8]]
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