Joe and Rachel are both retired. Married for 55 years, they have amassed an estate worth $4.4
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Joe and Rachel are both retired. Married for 55 years, they have amassed an estate worth $4.4 million. The couple had no trusts or other type of tax-sheltered assets. If Joe or Rachel dies in 2014, how much federal estate tax would the surviving spouse have to pay assuming the estate is taxed at the 40 percent rate?
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Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
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