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need work show on how to figure all 4 questions Use the following scenario to answer questions 1 through 4. Donny died on January 1,

need work show on how to figure all 4 questions
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Use the following scenario to answer questions 1 through 4. Donny died on January 1, 2022, after a drunk driver hit his car. The property that he owned at the time of his death included the following: All property listed above was owned in sole ownership by Donny. The annuity is a joint-and-survivor annuity and will continue to pay his wife Jeanette for her lifetime. Donny's will leaves all probate assets to his son and daughter in equal shares. Donny also owned a life insurance policy on his life. His basis in the policy was $89,000 and the death benefit was $1,000,000. The beneficiary of the insurance policy was Donny's daughter, Cheryl. The family sued the drunk driver and received $500,000 for wrongful death payable to Jeanette and $200,000 for Donny's pain and suffering payable to Donny's estate. Donny made substantial gifts during his life. He paid gift tax of $98,000 in 2007 and $67,200 on April 15, 2020. Donny's funeral cost $15,000. The car was sold 4/1/22 for its fair market value on that date in order to pay for Donny's $16,000 hand-carved marble headstone. Donny had $250,000 of medical expenses from the accident, but all expenses were covered by his medical insurance. The note receivable was being paid monthly. QUESTION 1-3 (15 POINTS) ESTATE CALCULATIONS 2. What is the value of Donny's gross estate assuming the alternate valuation date is selected? (5 points) \begin{tabular}{|c|c|c|c|c|} \hline \begin{tabular}{l} no ver \\ estity \end{tabular} & \begin{tabular}{l} no vm \\ simor. \end{tabular} & \begin{tabular}{l} rop vis \\ ssitir \end{tabular} & \begin{tabular}{l} AO VMA \\ sapul \end{tabular} & \begin{tabular}{l} no What \\ sostit? \end{tabular} \\ \hline 00.500 & & SPoBeE & & 00000e \\ \hline \end{tabular} 3. What is Donny's estate tax liability? Assume Donny's Adjusted gross estate is $13,060,000, what i Donny's estate tax liability? (5 points) 4. What is the value of Donny's marital deduction

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