Dana Dodson died October 31, 2016, with a gross estate of $6.7 million, debts of $200,000, and a taxable estate of $6.5 million. Dana made no taxable gifts. All of her property passed under her will to her son, Daniel Dodson. The estate chose a June 30 year-end. Its receipts, disbursements, and gains for the period ended June 30, 2017, were as follows:

Dividend income ..................................................................  $27,000
Interest income from corporate bonds ............................    18,000
Interest income from tax-exempt bonds ..........................      9,000
Gain on sale of land .............................................................    10,000
Executor’s fee (charged to principal) .................................       4,000
Distribution to Daniel Dodson............................................           −0−

Of the $27,000 dividends received in the estate’s first tax year, $7,000 were declared October 4, 2016, with a record date of October 25 and a payment date of November 4, 2016. The corporate bonds pay interest each August 31 and February 28. The estate collected $18,000 corporate bond interest in February 2017 and August 2017. The tax-exempt bonds pay interest each June 30 and December 31. The estate collected $4,500 in December 2016 and $4,500 in June 2017 from the tax-exempt bonds. Dana, a cash basis taxpayer, sold land in 2013 for a total gain of $60,000 and used installment reporting. She collected principal in 2014 and 2015 and reported gain of $30,000 on her 2014 return and $10,000 on her 2015 return. The estate collected additional principal in March 2017 and the remaining principal payment in March 2018. The gain attributable to the March 2017 and March 2018 principal collections is $10,000 per tax year. Ignore interest on the sale.

Calculate the following:

a. Deductible executor’s fee.

b. Total IRD and the IRD reported on the return for the period ended June 30, 2017.

c. Total Sec. 691(c) deduction if none of the debts are DRD.

d. Section 691(c) deduction deductible on the estate’s income tax return for the period

ended June 30, 2017.

e. Taxable income of the estate for its tax year ended June 30, 2017.

f. Marginal income tax rate for the estate for its tax year ended June 30, 2017.