Under Rowenas will, Mandy (Rowenas sister) inherits her property. One year later, Mandy dies. Based on the following independent assumptions, what is Mandys credit for the tax on prior transfers?

a. The estate tax attributable to the inclusion of the property in Rowenas gross estate is $700,000, and the estate tax attributable to the inclusion of the property in Mandys gross estate is $800,000.

b. The estate tax attributable to the inclusion of the property in Rowenas gross estate is $1.2 million, and the estate tax attributable to the inclusion of the prop- erty in Mandys gross estate is $1.1 million.

c. Express your computations for parts (a) and (b) as Excel commands.

d. Would your answers to parts (a) and (b) change if Mandy died seven years (rather than one year) after Rowena?