In 2010 Caseyvmade a taxable gift of 6.4 million to both Stephanie and Linda(a total...
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In 2010 Caseyvmade a taxable gift of 6.4 million to both Stephanie and Linda(a total of $12.8 million in taxable gifts). Calculate tge amount of gift tax due this year and Casey's unused exemption equivalent under the following alternatives.(refer to exhibit 25-1 and exhibit 25-2)(Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable)a) This year Casey made a taxable gift of $1 million to Stephanie. Casey is not married, and the 2010 gift was the only otherctaxable giftvhe has ever made. Gift tax due: Unused exemption equivalent:
a) This year Casey made a taxable gift of $1 million to Stephanie. Casey is not married, and the 2010 gift was the only otherctaxable giftvhe has ever made.
Gift tax due:
Unused exemption equivalent:
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