I need the answer to

A)Potential savings in estate tax and

B)income tax savings to Joe

Joe inherits stock (a capital asset) from his brother, who died in March of 2016, when the property had a $7.1 million FMV. This property is the only property included in his brother's gross estate and there is a taxable estate. The FMV of the property as of the alternate valuation date was $6.6 million. Requirements a. Why might the executor of the brothers estate elect to use the alternate valuation date to value the property? b. Why might Joe prefer the executor to use FMV at time of the death to value the property? C. If the marginal estate tax rate is 40% and Joe's marginal income tax rate is 28%, which value should the executor use? The executor of the brother's estate may elect the alternative valuation date to value the property because the value of the taxable estate would be500,000 less and the estate tax is reduced Requirement b. Why might Joe prefer the executor to use FMV at time of the death to value the property? (Enter your answer in whole dollars) Joe might prefer the executor to use FMV at the time of death because would be s 500,000 higher and he might have a smaller gain or larger loss Joe's basis for the property when he sells or exchanges the land Require me nt c. If the marginal estate tax rate is 40% and Joe's marginal income tax rate is 28%, which value should the executor use? (Enter your answer in whole dollars.) If the alternative valuation date is used to value the property, the potential savings in estate tax is s .If the FMV at time of the death is used to value the property, and the property is subsequently sold at a gain, income tax savings to Joe would be $ thus the