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eBook Print Item Problem 27-45 (Algorithmic) (LO. 6, 7) Tavon dies and is survived by his wife, Marge. Under Tavon's will, all of his otherwise

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eBook Print Item Problem 27-45 (Algorithmic) (LO. 6, 7) Tavon dies and is survived by his wife, Marge. Under Tavon's will, all of his otherwise uncommitted assets pass to Marge, For each of the following property interests, determine the marital deduction allowed to Tavon's estate. If an amount is zero, enter "0". If required, round your final answers to the nearest dollar. Marital Deduction a. Timberland worth $2,200,000 owned by Tavon, Marge, and Amber (Marge's sister) as equal tenants in common. Amber furnished the original purchase price. b. Residence of Tavon and Marge worth $575,000, owned by them as tenants by the entirety with right of survivorship, Tavon provided the original purchase price. C. Insurance policy on Tavon's life (maturity value of $2,400,000), owned by Marge and payable to her as the beneficiary. d. Insurance policy on Tavon's life (maturity value of $350,000), owned by Tavon with Marge as the designated beneficiary. e. Distribution from a qualified pension plan of $2,040,000 (Tavon matched his employer's contribution of $612,000), with Marge as the designated beneficiary

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