When computing gift tax amount for 2023 for a gift of 150000, do you enter the number on the table on line 4 (table for computing gift tax) 23,800 or do you multiply the taxable amount 132,00 times the 30 percent.
If it's $150,000 gift less $18,000 exclusion then you have a $132,000 taxable gift.
So you have tax of $23,800 plus 30% of the amount over $100,000 or $32,000 times 30%.
Total = $23,800 plus $9.600 = $33,400
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