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Hint: Take Jamie Lee and Ross's adjusted gross estate and multiply by 21%. Do not factor in any exemptions. Round to the nearest $100. How
Hint: Take Jamie Lee and Ross's adjusted gross estate and multiply by 21%. Do not factor in any exemptions. Round to the nearest $100. How much will be owed in federal estate taxes? Recall their Adjusted Gross Estate is worth $1,538,700 and assume an estate tax rate of 36%. Do not factor in any exemptions. Round to the nearest $100
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