Prior to her death in 2021, Elfrieda made lifetime taxable gifts of $34,000. At her death, she was survived by her husband and daughter and owned the following property interests.

Sole ownership:

• Life insurance on her husband's life with a death benefit of $500,000 and a replacement cost of $120,000, with her children as the beneficiaries
• A portfolio of stocks, bonds, and CDs valued at $8,000,000
• Personal residence with a fair market value of $500,000

Joint ownership:

• With her husband: household furnishings, personal property, bank accounts, and automobiles worth a total of $800,000
• With her daughter: a vacation condo valued at $400,000 for which her executor has records showing a 20% contribution by her daughter

Her will bequeaths the personal residence outright to her husband with the rest and remainder of her estate to her daughter. She had debts of $6,000 and administrative costs of $24,000.

Which one of the following amounts, if any, most closely approximates Elfrieda's estate tax liability? Use the Unified Federal Estate and Gift Tax Rates table.

A)

$10,000

B)

$0

C)

$40,000

D)

$30,000