Mr. Smith died in the current year when the total FMV of his property was $20 million and his debts totaled $500,000. His executor paid $15,000 of funeral expenses and $50,000 of accounting and legal fees to settle the estate. Mr. Smith bequeathed $1 million to Notre Dame University, $200,000 to the Catholic church, $5 million to his only child, and $5 million to his surviving spouse. He left the remainder of the estate to his grandchildren. Assuming Mr. Smith made no lifetime gifts, compute his estate tax for the current year, if any.

Group of answer choices

$0.

$470,000.

$614,000.

$950,000.