Eric Dies in the Current Year and Has a Gross

question 9

Multiple Choice

Eric dies in the current year and has a gross estate valued at $6,500,000.The estate incurs funeral and administrative expenses of $100,000 and also pays off Eric's debts which amount to $250,000.Eric bequeaths $600,000 to his wife.Eric made no taxable transfers during his life.Eric's taxable estate will be

• A)$100,000.
• B)$5,550,000.
• C)$6,150,000.
• D)$6,500,000.

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Definitions:

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