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Question 3 Mario was 78 years old and single when he recently died. He had the following assets at the time of his death:

Question 3 Mario was 78 years old and single when he recently died. He had the following assets at the time of his death: House $887,947 RRIF portfolio $300,000 (Beneficiary: Omar, Adult son) Life Insurance $100,000 (Beneficiary: Omar, Adult son) TFSA $34,420 (Beneficiary: None) What will Mario's estate have to pay in Estate Administration Tax? Round your answer to the nearest dollar.

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