Accounting

Chapter 19 Homework Saved Help Save & Exit Submit Check my work 3 Donna Stober's estate has the following assets (all figures approximate fair value): 10 Investments in stocks and bonds $ 1, 481,000 points House 750,000 Cash 77,900 Skipped Investment land 66,600 Automobiles (three rare vehicles) 56,700 Other assets 109, 000 eBook The house, cash, and other assets are left to the decedent's spouse. The investment land is contributed to a charitable organization. The automobiles are to be given to the decedent's brother. The investments in stocks and bonds are to be put g address into a trust fund. The income generated by this trust will go to the decedent's spouse annually until all of the couple's children have reached the age of 25. At that time, the trust will be divided evenly among the children. Print cel The following amounts are paid prior to distribution and settlement of the estate: funeral expenses of $20,500 and estate Help administration expenses of $12,400. References What value is to be reported as the taxable estate for federal estate tax purposes? Taxable estate