Harry dies. His wife Jenny died 4 years earlier. Harry's gross estate is valued at $14 million. His funeral and administrative costs total $30,000. Harry owes a total of $100,000 on a mortgage and other debts. Assuming the Federal Estate Tax Exemption is $11,800,000 and the estate tax rate is 40%, how much is Harry's estate tax liability? $2,070,000.00 $676,889.00 None. $0.00. $828,000.00