What is the homestead allowance? Choose the right answer a. A reduction of $20,000 in estate assets prior to computing the amount of federal estate taxes. b. The amount of property conveyed in a will to a surviving spouse. c. An allotment from an estate to a surviving spouse and/or minor and dependent children beforeany claims are paid d. A decrease in the value of property on which state inheritance taxes are assessed. The reduction is equal to the value of property conveyed to a surviving spouse. i want brief explanation with in 10 min otherwise skip