Prior to His Death in 2016, Ethan Made the Following

question 146

Essay

Prior to his death in 2016, Ethan made the following taxable gifts. $$\begin{array} { l c c } & \text { Year of } & \text { Amount of } \\\text { Stock in Crimson Corporation } & \text { Gift } & \text { Gift } \\\text { Term life insurance policy (maturity value of } & 2000 & \$ 800,000 \\\$ 200,000 \text { ) } & 2014 & - 0 - \\\text { Unimproved land } & 2014 & 800,000\end{array}$$ ​
The policy on Ethan's life was given to the designated beneficiary. The gift of the stock and the land generated gift taxes of $28,750 and $65,250, respectively.
As to these transfers, how much is included in Ethan's gross estate?

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Definitions:

Men

Refers to adult human males, often discussed in studies related to gender differences, social roles, or demographic analysis.

Sampling Distribution

Distribution of statistics for samples randomly drawn from populations.

Sample Means

The arithmetic average of a set of values taken from a larger population, used in statistics to estimate the population mean.

Population Mean

Mean associated with an entire population.