Question: Exercise 1 8 - 1 9 ( Algorithmic ) ( LO . 3 ) Elizabeth made taxable gifts of $ 6 , 7 5 0

Exercise 18-19(Algorithmic)(LO.3)
Elizabeth made taxable gifts of $6,750,000 in 2021 and $8,775,000 in 2023. She paid no gift tax on the 2021 transfer.
On what amount is the Federal gift tax computed for the 2023 gift?

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