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Can you please try to answer the other questions that are incorrect pleaaasee. R 6 Comprehensive Problem 14-65 (LO 14-1, LO 14-2, LO 14-3, LO
Can you please try to answer the other questions that are incorrect pleaaasee.
R 6 Comprehensive Problem 14-65 (LO 14-1, LO 14-2, LO 14-3, LO 14-4) Suppose Vince dies this year with a gross estate of $25 million and no adjusted prior gifts. Assume the estate qualifies for the martial deduction. 2.5 points Calculate the amount of estate tax due (if any) under the following alternative conditions. (Refer to Exhibit 14-1 and Exhibit 14-2.) Required: a. Vince leaves his entire estate to his spouse, Millie. b. Vince leaves $10 million to Millie and the remainder to charity. c. Vince leaves $10 million to Millie and the remainder to his son, Paul d. Vince leaves $10 million to Millie and the remainder too a trust whose trustee is required to pay income to Millie for her life and the remainder to Paul. (For all requirements, enter your answer in millions rounded to 3 decimal places. Leave no answer blank. Enter zero if applicable.) Answer is complete but not entirely correct. 0 Amount of estate tax million a. 0 b Amount of estate tax $ million 0.000 x Amount of estate tax million c d. Amount of estate tax 0.000 million R 6 Comprehensive Problem 14-65 (LO 14-1, LO 14-2, LO 14-3, LO 14-4) Suppose Vince dies this year with a gross estate of $25 million and no adjusted prior gifts. Assume the estate qualifies for the martial deduction. 2.5 points Calculate the amount of estate tax due (if any) under the following alternative conditions. (Refer to Exhibit 14-1 and Exhibit 14-2.) Required: a. Vince leaves his entire estate to his spouse, Millie. b. Vince leaves $10 million to Millie and the remainder to charity. c. Vince leaves $10 million to Millie and the remainder to his son, Paul d. Vince leaves $10 million to Millie and the remainder too a trust whose trustee is required to pay income to Millie for her life and the remainder to Paul. (For all requirements, enter your answer in millions rounded to 3 decimal places. Leave no answer blank. Enter zero if applicable.) Answer is complete but not entirely correct. 0 Amount of estate tax million a. 0 b Amount of estate tax $ million 0.000 x Amount of estate tax million c d. Amount of estate tax 0.000 millionStep by Step Solution
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