Total 2008 gift of life insurance policy is 72,000. Annual exclusions are 24,000 (2 domes at 12,00). Present taxable gifts equal 48,000. Prior taxable gifts are 1,500,000. Cumulative gifts equal 1,548,000. How do I evaluate the tax on the total cumulative gifts of 1,548,000? The answer is given to us which is 577,400 but we require to show how we got to that answer. Please help.