Michael Died in 2013 with a Taxable Estate and Estate

question 65

Multiple Choice

Michael died in 2013 with a taxable estate and estate tax base of $6,000,000. Michael's estate owed no state death taxes. Michael's estate includes $250,000 of income in respect of a decedent (IRD) , none of which is received by his surviving spouse. His estate had no DRD. The estate collects $200,000 of the IRD during its current tax year. The Sec. 691(c) deduction for the estate in current year is

• A)$153,000.
• B)$122,400.
• C)$90,000.
• D)$80,000.

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Definitions:

EEOC

The Equal Employment Opportunity Commission is a federal agency that enforces laws against workplace discrimination.

Federal Anti-discrimination Laws

Laws enacted by the federal government to prevent discrimination in various settings, including the workplace, based on race, color, religion, sex, or national origin.

Enforcing

The act of compelling compliance or obedience; ensuring that laws, rules, or orders are followed through appropriate actions or measures.

Social Security Benefits

Payments made from the government to eligible individuals, typically retirees or disabled workers, as part of a social insurance program.