10 Se3 10In 2010 Casey made a taxable gift of $5.3 million to both Stephanie and Linda (a total of $10.6 millionCalculate the amount of gift tax due this year and Casey's unused exemption equivalent under the fol(Refer to Exhibit 25-1 and Exhibit 25-2.) (Enter your answers in dollars, not millions of dollars. LeaveEnter zero if applicable.)c. This year Casey made a gift worth $15.3 million to Stephanie. Casey is married to Helen in a common-law swas the only other taxable gift he or Helen has ever made. Casey and Helen elect to gift split.Casey's gift tax dueCasey's unused exemption equivalentHelen's gift tax dueHelen's unused exemption equivalent$$00< Prev.S+of 7wwwNout

Gift splitting tax is a technique used by married couples to increase their tax-free gift by merging…

c. This year Casey made a gift worth $15.3 million to Stephanie. Casey is married to Helen in a common-law was the only other taxable gift he or Helen has ever made. Casey and Helen elect to gift split. Casey's gift tax due Casey's unused exemption equivalent Helen's gift tax due Helen's unused exemption equivalent $ $ 0