$800,000 $400,000 $200.000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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2. For each case calculate S2's share, the marital deduction, and the taxable estate on the assumption that
Si's estate was left 75% to S2 and 25% to S1's children. The year shown is the year S1 died.
$1's net Estate
$800,000
$800,000
$400,000
*$200,000
$6,000,000
*S1's % of the community property
$2's share
Marital Deduction taxable Estate
year
1940
1960
1980
1980
2015
Transcribed Image Text:2. For each case calculate S2's share, the marital deduction, and the taxable estate on the assumption that Si's estate was left 75% to S2 and 25% to S1's children. The year shown is the year S1 died. $1's net Estate $800,000 $800,000 $400,000 *$200,000 $6,000,000 *S1's % of the community property $2's share Marital Deduction taxable Estate year 1940 1960 1980 1980 2015
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