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Determine the value of Morgan gross estate

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Reference no: EM132923010

Question - Morgan, a widow, recently passed away. The value of her assets at the time of death was $10,288,000. The cost of her funeral was $16,994, while estate administrative costs totaled $38,275. As stipulated in her will, she left $986,892 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. What is her gift-adjusted taxable estate value?

d. Assuming she died in 2017?, how much of her estate would be subject to taxation?

e. Calculate the estate tax liability.

Reference no: EM132923010

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