9. Computing the federal transfer tax Practice 2 Aa Aa Leonard Yoder died in 2012, leaving an estate of $24,000,000. Leonard's wife died in 2009. In 2009, Leonard gave his son property that resulted in a taxable gift of $5,DDD, DDD and upon which Leonard paid $1,100,000 in transfer taxes. Leonard had made no other taxable gifts during his life. Leonard's will provided a charitable bequest of $75D,0DD to the lacal animal shelter Use the following worksheet and Exhibits 15.7 and 15.8 to determine the federal bransfer tax on Leonard Yoder's estate. Enter a value of $0 for any line that does not apply Computing Federal Estate Tax Due Name: Leonard Yoder Date: 1130/2012 Line Computation Item Amount Total Amount Gross estate (a) Funeral expenses (b) Administrative expenses (c) Debts (d) other expenses Subtract sum of: Total: Result: Adjusted gross estate (a) Marital deduction (b) Charitable deduction Subtract sum of: Result: add: Result: Taxable estate Adjusted taxable gifts (post-1976) Estate tax base Tentative tax on estate tax basea (a) Gift tax payable on past-1976 gifts (b) Unified tax creditb Subtract sum of: Total: Result: Subtract Result: Total estate taxes Other credits Federal estate tax due 10 12 Use Exhik15.7 to calaulate the tentstive tax. use Exhibl 15.8 to determine the appropriate unfied tax credt Use the following dropdown menus to obtain the relevant tax schedules and credits