Jack a widower, died late last year (2020) with a gross estate of $10 million. Jack made one taxable gift in his lifetime of $2,000,000 to his brother this year before he (Jack) died. Funeral and administrative expenses cost $140,000. Jacks debts and mortgages totaled $300,000.

Calculate Jacks estate tax liability, show your work.

Gross Estate Federal Estate Tax Calculation Funeral and Administration Expenses Debts and Taxes Casualty and Theft Losses Adjusted Gross Estate Total Deductions Marital Deduction Charitable Deduction State Death Tax Deduction Taxable Estate + Adjusted Taxable Gifts Total Deductions Tentative Tax Base Tentative Tax (Compute tax) Gift Tax Paid or Payable (Credit) Estate Tax Payable before Credits Tax Credits Unified Credit PriorTransfer Credit Foreign Death Tax Credit Total Credits Federal Estate Tax Payable $