a. John made no taxable gifts during his lifetime. John’s Gross Estate value at his date of death was $13,000,000. If John died in 2018, how much tax is owed at his death (John is single)?

b. Mark died in 2017 having made no lifetime gifts. His Gross Estate was $20,000,000. He left $7,000,000 to his wife outright and the rest to his son. Calculate the tax owed on Mark’s estate.

c. Tom makes a taxable gift of $7,000,000 in 2017 to his daughter Susan. He has made no other taxable gifts during his lifetime. How much gift tax does Tom owe?

d. Bob makes a $2,000,000 taxable gift to his daughter in each of the following years: 2009 and 2012, and 2014. How much gift tax does Bob pay in each year?

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Ans a John made no taxable gifts during his lifetime Johns Gross Estate value at his date of death w... View the full answer