Joe and Rachel are both retired. Married for 50 years, theyve amassed an estate worth $2.4 million.

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Joe and Rachel are both retired. Married for 50 years, they’ve amassed an estate worth $2.4 million. The couple has no trusts or other types of tax-sheltered assets. If Joe or Rachel dies in 2009, how much federal estate tax would the surviving spouse have to pay, assuming that the estate is taxed at the 47 percent rate? (Obj. 4)

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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