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Jeff dies and leaves behind a taxable estate (after debts and administrative expenses) worth $11,000,000. The federal estate tax is 40%. The federal estate tax

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Jeff dies and leaves behind a taxable estate (after debts and administrative expenses) worth $11,000,000. The federal estate tax is 40%. The federal estate tax exclusion amount is $11,700,000. How much does Jeff's estate owe in estate taxes? $0.00 None. $388,000 $280,000 $4,400,000

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