(Solved by Humans)-Problem 14-43 (LO 14-3) Tom Hruise was an entertainment executive who had a fatal accident on a film

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Problem 14-43 (LO 14-3) Tom Hruise was an entertainment executive who had a fatal accident on a film set. TomAc€?cs will directed his executor to distribute his cash and stock to his wife, Kaffie, the real estate to his church, The First Church of Methodology, and the remainder of his assets were to be placed in trust for his three children. TomAc€?cs estate consisted of the following:           Assets:      Personal assets $ 1,210,000      Cash and stock 25,000,000      Intangible assets (film rights) 76,500,000      Real estate 16,000,000      $ 118,710,000    Liabilities:      Mortgage $ 4,200,000      Other liabilities 5,100,000 $ 9,300,000 Section Break Problem 14-43 (LO 14-3) 1. award: 0 out of 10.00 points Problem 14-43 Part a a. Tom made a taxable gift of $2.45 million in 2010. Compute the estate tax for TomAc€?cs estate. (Reference the tax rate schedule in Exhibit 25-1 and the Unified Credit schedule in Exhibit 25-5 to answer this problem.) Exhibit 25-1: http://lectures.mhhe.com/connect/0077631714/Exhibit%2025-1.JPG Exhibit 25-2: http://lectures.mhhe.com/connect/0077631714/Exhibit%2025-5.JPG Gross estate Marital deduction Charitable deduction Debts Taxable estate Prior taxable gifts Cumulative taxable transfers Gross estate tax Unified credit Estate tax due       Problem Problem 14-43 Part a 2. award: 0 out of 10.00 points Problem 14-43 Part b [MUST MANUALLY GRADE] b. Fill out lines 1 through 12 in part 2 of Form 706 for TomAc€?cs estate.    Download the Tax Form and enter the required values in the appropriate fields.    Please open the Adobe acrobat document in 'Web Layout' mode. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."