Reference no: EM133000893

Problem 1: The taxable estate for federal estate tax purposes is calculated in the following manner:

A. Gross estate less the federal estate tax exclusion amount less the marital deduction

B. Gross estate less allowable expenses less the federal estate tax exclusion amount

C. Gross estate less allowable expenses less only the charitable deduction

D. Gross estate less a conservation easement less allowable deductions

Problem 2: All of the following reduces the value of the estate which is subject to estate tax except:

A. The marital deduction

B. All of the above reduces the value of the estate subject to tax

C. The federal estate tax exemption amount

D. Funeral and administration expenses