Kellen dies. Kellen's wife died 5 years ago. Kellen's gross estate is valued at $12 million. His funeral and administrative costs total $40,000. Kellen owes a total of $600,000 on a mortgage and other debts. Assuming the Federal Estate Tax Exemption is $11,800,000 and the estate tax rate is 40%, how much is Dan's estate tax liability? None. $0.00. $440,000.00 Refund of $176,000.00 $176,000.00