The Estate of Kent Talbert Reported the Following Information Required:
Prepare a Schedule to Show the Amount of the

question 7

Essay

The estate of Kent Talbert reported the following information: $$\begin{array} { | l | r | } \hline \text { Value of estate assets } & \$ 2,990,000 \\\hline \text { Conveyed to spouse } & 1,300,000 \\\hline \text { Conveyed to children } & 299,000 \\\hline \text { Conveyed to trust fund for benefit of spouse } & 650,000 \\\hline \text { Conveyed to charities } & 338,000 \\\hline \text { Funeral expenses } & 29,900 \\\hline \text { Administrative expenses } & 53,300 \\\hline \text { Debts } & 319,800 \\\hline\end{array}$$
Required:
Prepare a schedule to show the amount of the taxable estate.

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Definitions:

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