When Yuji died in March 2016, his gross estate was valued at $8 million. He owed debts
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When Yuji died in March 2016, his gross estate was valued at $8 million. He owed debts totaling $300,000. Funeral and administration expenses were $12,000 and $120,000, respectively. The marginal estate tax rate exceeded his estate's marginal income tax rate. Yuji willed his church $300,000 and his spouse $1.1 million. Calculate Yuji's taxable estate.
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Related Book For
Federal Taxation 2017 Comprehensive
ISBN: 9780134421438
30th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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