Joel and Rachel are both retired. Married for 50 years, they've amassed an estate worth $2.4 million.

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Joel and Rachel are both retired. Married for 50 years, they've amassed an estate worth $2.4 million. The couple has no trusts or other types of tax-sheltered assets. If Joel or Rachel dies in 2008, how much federal estate tax would the surviving spouse have to pay, assuming that the estate is taxed at 45 percent rate?
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Personal Finance

ISBN: 978-0077861643

11th edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes

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