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Required information

Problem $14-49($LO $14-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

In $2010$ Casey made a taxable gift of $\backslash (\backslash$$ $5\mathrm{.}1\backslash )$ million to both Stephanie and Linda $($a total of $\backslash (\backslash$$ $10\mathrm{.}2\backslash )$ million in taxable gifts$).$

Calculate the amount of gift tax due this year and Casey's unused exemption equivalent under the following alternatives.

$($Refer to Exhibit $25-1$ and Exhibit $25-2.)$

Note: Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable.

Problem $14-49$ Part a $($Algo$)$

a$.$ This year Casey made a taxable gift of $\backslash (\backslash$$ $1\backslash )$ million to Stephanie. Casey is not married, and the $2010$ gift was the only other taxable gift he has ever made.

$\backslash (\backslash$square $\backslash )$

Gift tax due

Unused applicable credit