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Problem 14-15 (LO14.4) Barry and his wife Mary have accumulated over $3.4 milin during their S0 years of marriage. They have two children and three

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Problem 14-15 (LO14.4) Barry and his wife Mary have accumulated over $3.4 milin during their S0 years of marriage. They have two children and three grandchildren. What is the total amount of estate removed from Barry and Mary's estate in 20147 Maximum tax-free gifts to family Problem 14-16 (LO14.4) The date of death for a widow was 2014. If the estate was valued at $7.6 million and the estate was taxed at 40 percent, what was the heir's tax liability? Heir's tax liability

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