Rachel died in 2023 and her executor is finalizing her estate tax return. The executor has determined that Rachel’s adjusted gross estate is $15,110,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. Calculate the estate tax liability, in 2023, for Rachel’s estate. A.$345,800 B.$676,000 C.$5,789.800 D.$6,189,800
Rachel died in 2023 and her executor is finalizing her estate tax return. The executor has determined that Rachel’s adjusted gross estate is $15,110,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. Calculate the estate tax liability, in 2023, for Rachel’s estate. A.$345,800 B.$676,000 C.$5,789.800 D.$6,189,800
Chapter27: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 8BCRQ
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Rachel died in 2023 and her executor is finalizing her estate tax return. The executor has determined that Rachel’s adjusted gross estate is $15,110,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. Calculate the estate tax liability, in 2023, for Rachel’s estate.
A.$345,800
B.$676,000
C.$5,789.800
D.$6,189,800
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