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Morgan, a widow, recently passed away. The value of her assots at the time of death was 59,386,000. The post of her funeral was $17,884,
Morgan, a widow, recently passed away. The value of her assots at the time of death was 59,386,000. The post of her funeral was $17,884, while estate administrative costs totaled $33,087. As stipulated in her will, she left $909,967 to charities. Based on this information answer the following questions: a. Determine the value of Morgan's gross estate. b. Calculate the value of her taxable estate. c. What is her gift-adjusted taxable estate value? d. Assuming she died in 2017, how much of her estate would be subject laxation? e. Calculate the estate tax liability. a. The value of Morgan's gross estate would be $ 9386000. (Round to the nearest dollar.) b. The value of Morgan's taxable estate would be $ 8,425,062" (Round to the nearest dollar.) c. The value of Morgan's gift-adjusted taxable estate would be $ . (Round to the nearest dollar.) Screenshot
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