Lou Dies on April 12,2011

question 3

Multiple Choice

Lou dies on April 12,2011.All of Lou's property passed to Paula,his daughter.Paula dies on January 15,2013.Both Lou's and Paula's estates pay federal estate taxes.Lou's estate tax was $350,000.How much can Paula's estate claim for a credit for tax on prior transfers?

• A)$350,000
• B)$280,000
• C)$210,000
• D)$140,000