Question
Morgan, awidow, recently passed away. The value of her assets at the time of death was $ 9 comma 266 comma 000 9,266,000 . The
Morgan, awidow, recently passed away. The value of her assets at the time of death was $9 comma 266 comma 000
9,266,000. The cost of her funeral was $10 comma 603
10,603, while estate administrative costs totaled $38 comma 918
38,918. As stipulated in herwill, she left $934 comma 866
934,866 to charities. Based on this information answer the followingquestions:
a. Determine the value ofMorgan's gross estate.
b. Calculate the value of her taxable estate.
c. What is hergift-adjusted taxable estatevalue?
d. Assuming she died in 2014
2014, how much of her estate would be subject totaxation?
e. Calculate the estate tax liability.
a. The value ofMorgan's gross estate would be $
nothing
. (Round to the nearestdollar.)
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