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  3. in 2012, letty makes taxable gifts totaling $4 mil

In 2012, Letty makes taxable gifts totaling $4 million. Her only other taxable gifts amount...

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Accounting

In 2012, Letty makes taxable gifts totaling $4 million. Her only other taxable gifts amount to $1 million, all of which were made in 2009. What is Letty's 2012 gift tax liability before the unified credit?

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