Eric dies in the current year and has a gross estate valued at $6,500,000.The estate incurs funeral and administrative expenses of $100,000 and also pays off Eric's debts which amount to $250,000.Eric bequeaths $600,000 to his wife.Eric made no taxable transfers during his life.Eric's taxable estate will be
A)$100,000.
B)$5,550,000.
C)$6,150,000.
D)$6,500,000.

Question

Quizplus · Accepted Answer

B)($6,500,000 - $100,000 - $250,000 - $600,000)= $5,550,000

Eric Dies in the Current Year and Has a Gross