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Morgan, a widow, recently passed away. The value of her assets at the time of death was $8,836,000. The cost of her funeral was $6,290,

Morgan, a widow, recently passed away. The value of her assets at the time of death was

$8,836,000.

The cost of her funeral was

$6,290,

while estate administrative costs totaled

$46,253.

As stipulated in her will, she left

$911,879

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 to taxation?

e. Calculate the estate tax liability.

a. The value of Morgan's gross estate would be

$nothing.

(Round to the nearest dollar.)b. The value of Morgan's taxable estate would be

$nothing.

(Round to the nearest dollar.)c. The value of Morgan's gift-adjusted taxable estate would be

$nothing.

(Round to the nearest dollar.)d. In

2017,

the amount of her estate subject to taxation would be

$nothing.

(Round to the nearest dollar.)e. The estate tax liability is

$nothing.

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