The inclusion rate is a means of reducing the applicable taxes on a given transfer. The inclusion ratio is found by subtracting the applicable fraction from the number 1. The denominator of the applicable fraction is the value of the property transferred less which of the following?

A. The applicable credit amount

B. The federal estate tax paid by the trust for the property

C. The nonqualified medical or tuition transfer

D. The state inheritance tax paid by the beneficiary for the property