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Morgan, a widow, recently passed away. The value of her assets at the time of death was $9,784,000. The cost of her funeral was $16,184,
Morgan, a widow, recently passed away. The value of her assets at the time of death was $9,784,000. The cost of her funeral was $16,184, while estate administrative costs totaled $36,599. As stipulated in her will, she left $906,870 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
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