Mr Lainson Died This Year on a Date When the Total

question 45

Multiple Choice

Mr. Lainson died this year on a date when the total FMV of his property was $12 million and his debts totaled $450,000. His executor paid $15,000 of funeral expenses and $50,000 of accounting and legal fees to settle the estate. Mr. Lainson bequeathed $1 million to Villanova University, $200,000 to the Lutheran church, and $3.5 million to his surviving spouse. He left the remainder of the estate to his children. Compute Mr. Lainson's taxable estate.

• A) $10.285 million
• B) $10.735 million
• C) $7.985 million
• D) $6.785 million

---

Definitions:

Automobile Accident

An event involving one or more vehicles in motion that results in damage or injury.

Ratings of Responsibility

Evaluations or judgments concerning the extent to which individuals or groups are deemed accountable for actions or outcomes.

Male and Female Drivers

The distinction between drivers based on gender, often used in studies examining differences in driving habits, performance, or risk.

Null Hypothesis

A statement in hypothesis testing that assumes no effect or no difference between groups or variables.