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:

Schemas

Frameworks of knowledge and assumptions that we have about people, objects, and events.

Bartlett

Frederic Bartlett, a pioneering cognitive psychologist known for his work on memory and cognition, particularly on how people reconstruct the past.

Misinformation Effect

Erroneous recollections of witnessed events that result from information learned after the fact.

Loftus's 1978 Study

A landmark research study by psychologist Elizabeth Loftus that demonstrated the malleability of human memory through the misinformation effect.