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Jack is single and made his first taxable gift of $ 1 , 0 0 0 , 0 0 0 in 2 0 0 8
Jack is single and made his first taxable gift of $ in Jack made additional gifts in at which time he gave $ to each of his three children and an additional $ to State University a charity The annual exclusion in was $ Recently Jack has been in poor health and would like you to estimate his estate tax should he die this year. Jack estimates his taxable estate after deductions will be worth $ million at his death. Refer to Exhibit and Exhibit
Note: Enter your answer in dollars and not in millions of dollars.
Estate tax
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