9. Computing the federal transfer tax Practice 1 Aa Aa When Logan Pinkerton died in 2012, he left an estate valued at $15,000,000. His trust directed distribution as follows: $300,000 in charitable deductions ($50,000 to the local hospital plus $250,000 to his alma mater) and the remainder to his four adult children. Death-related costs were $8,500 for funeral expenses, and $125,000 in administrative expenses ($60,000 paid to attorneys, $15,000 paid to accountants, and $50,000 paid to the trustee of his living trust. In addition, there were debts of $650,000 Use the following worksheet and Exhibits 15.7 and 15.8 to calculate the federal estate tax due on Logan Pinkerton's estate. Enter a value of $0 for any line that does not apply. Computing Federal Estate Tax Due Name: Logan Pinkerton Date: 11/30/2012 Line Computation Total Amount Item Amount Gross estate Subtract sum of (a) Funeral expenses (b) Administrative expenses (c) Debts (d) Other expenses Tota Result: Adjusted gross estate Subtract sum ol (a) Marital deduction (b) Charitable deduction 9. Computing the federal transfer tax Practice 1 Aa Aa When Logan Pinkerton died in 2012, he left an estate valued at $15,000,000. His trust directed distribution as follows: $300,000 in charitable deductions ($50,000 to the local hospital plus $250,000 to his alma mater) and the remainder to his four adult children. Death-related costs were $8,500 for funeral expenses, and $125,000 in administrative expenses ($60,000 paid to attorneys, $15,000 paid to accountants, and $50,000 paid to the trustee of his living trust. In addition, there were debts of $650,000 Use the following worksheet and Exhibits 15.7 and 15.8 to calculate the federal estate tax due on Logan Pinkerton's estate. Enter a value of $0 for any line that does not apply. Computing Federal Estate Tax Due Name: Logan Pinkerton Date: 11/30/2012 Line Computation Total Amount Item Amount Gross estate Subtract sum of (a) Funeral expenses (b) Administrative expenses (c) Debts (d) Other expenses Tota Result: Adjusted gross estate Subtract sum ol (a) Marital deduction (b) Charitable deduction