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Question 7 Rachel died eight months ago and her executor is finalizing her estate tax return. The executor has determined that Rachels adjusted gross estate
Question 7 Rachel died eight months ago and her executor is finalizing her estate tax return. The executor has determined that Rachels adjusted gross estate is $15,830,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. Calculate the estate tax liability for Rachels estate.
A. $3,793,800.
B. $336,800.
C. $1,575,000.
D. $1,660,000.
Please show your work!!
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