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

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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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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