At her death Tricia had an adjusted gross estate consisting of $8 million of property. Which of the following is a true statement about Tricia's estate or estate tax?
A) Tricia must have a taxable estate over $8 million.
B) Tricia's taxable estate will not exceed $8 million.
C) Tricia must have a probate estate tax of zero.
D) Tricia must have a gross estate tax of zero.
E) None of these is necessarily truE.Since only negative adjustments are made to the gross estate in calculating the taxable estate, the taxable estate cannot exceed $8 million.Other adjustments (both positive and negative) make other generalizations problematic.
Correct Answer:
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