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x Homework st 2 K Part 1 of 4 O Points: 0 of 7 Save Morgan, a widow, recently passed away. The value of
x Homework st 2 K Part 1 of 4 O Points: 0 of 7 Save Morgan, a widow, recently passed away. The value of her assets at the time of death was $14,000,000. The cost of her funeral was $10,000, while estate administrative costs totaled $45,000. As stipulated in her will, she left $960,000 to charities. Based on this information answer the following questions: a. Determine the value of Morgan's gross estate. b. Calculate the value of her taxable estate. c. Assuming she died in 2021, how much of her estate would be subject to taxation? d. Calculate the estate tax liability. Round to the nearest dollar)
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