Based on these facts, the net federal estate tax payable is

For 2015, Eurie Company reported its most significant decline in net income in years.
January 4, 2018
esearch the reviews of business and public administration publications that may be more recent. Can you identify any that may be the milestones of the future?
January 4, 2018

Based on these facts, the net federal estate tax payable is

Finance Basics

A married man died this year leaving a gross estate of $2,750,000. Some additional facts concerning his estate are:

  • Administration expenses and debts $ 150,000

  • Marital deduction 750,000

  • Applicable credit amount (2005) 555,800

  • Applicable exclusion amount (2005) 1,500,000

  • State death taxes payable 22,200

Under the Unified Rate Schedule for computing estate taxes if the amount with respect to which the tentative tax to be computed is over $1,000,000 but not over $1,250,000, the tentative tax is $345,800, plus 41 percent of the excess of such amount over $1,000,000. If the amount is over $1,250,000 but not over $1,500,000, the tentative tax is then $448,300, plus 43 percent of the excess of such amount over $1,250,000. If the amount is over $1,500,000 but not over $2,000,000 the tentative tax is then $555,800 plus 45% of the excess of such amount over $1,500,000. Based on these facts, the net federal estate tax payable is

A. $163,710

B. 0

C. $151.490

D. $147,510

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