Tax Planning Assignment eBook Exercise 19-17 (Algorithmic) (LO. 1) Fred creates an irrevocable trust with $3,350,000 in cash, income payable to Terri (age 23) for 10 years, remainder to Madison (age 49). The appropriate IRS valuation table factor for a term certain reflects a remainder is 0.76481 (for 10 years) and 0.718336 (for 49 years). If required, round your answer to the nearest dollar. a. How much is Fred's gift to Terri? b. Does the gift qualify for the annual exclusion? If the trust incom available. can cannot be accumulated but i be distributed currently, the annual exclusion is c. If Madison is Fred's wife, does the gift to her generate a marital deduction