Which of the following can reduce a decedent's taxable estate? Charitable deduction. 8 8 All of these answers are correct. Debts owed by the decedent. Marital deduction. What tax term most closely corresponds to the financial accounting term "book value"? Accumulated depreciation Fair market value. Tax basis Adjusted basis Self-employment tax is calculated on which schedule of Form 1040? Schedule SE Schedule E Schedule C Schedule K