Calculate the amount of estate tax due

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Reference no: EM132039033

Roland had a taxable estate of $6.6 million when he 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.)

a. Roland’s prior taxable gifts consist of a taxable gift of $1 million in 2005. (Enter your answers in dollars and not in millions of dollars.)

b. Roland’s prior taxable gifts consist of a taxable gift of $1.5 million in 2005. (Enter your answers in dollars and not in millions of dollars.)

c. Roland made a $1 million taxable gift in the year prior to his death. (Enter your answers in dollars and not in millions of dollars.)

Reference no: EM132039033

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