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34. Alexis transferred $442,000 to a trust with directions to pay income to her spouse, William, for his life. After William's death the corpus of

34.
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Alexis transferred $442,000 to a trust with directions to pay income to her spouse, William, for his life. After William's death the corpus of the trust will pass to William's son. If the life estate is valued at $72,250, what is the total amount of the taxable gifts? Multiple Choice $57,250 $427,000 None of the choices are correct $417.000 $369.750

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