John is married to Martha. He has separate property (no community) having a fair market value of $50 million on the date of his death. During his lifetime, he made a $4 million gift to his son. At his death, he had debts and expenses of $2 million. Also he made a $10 million marital gift to his wife, and a $3 million dollar charitable gift to the Salvation Army. The debts, expenses, charitable gift and marital gift are all deductible. The earlier gift to his son is not deductible.

Answer the following questions: 1) What is the value of Johns gross estate? What is the value of Johns taxable estate? 3) What is the amount of the tentative estate tax? 4) If Johns estate if granted a $11,700,000 estate tax exemption, what is the amount of the final estate tax owed by Johns estate?