Mr McCann Died This Year

question 53

Multiple Choice

Mr McCann died this year. During his lifetime, he made taxable gifts significantly in excess of his lifetime exclusion. Mr McCann's taxable estate was $21.9 million. Compute the estate tax on this estate.

• A) $8.760 million
• B) $6.660 million
• C) $7.665 million
• D) The facts are insufficient to compute the estate tax.

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