Josh Drake died on May 1,2011.He left his entire estate,with a fair value of $6,200,000 to his sole surviving family member,his daughter,DeeDee.
Prior to any distribution of assets,Josh's estate reflected the following details:
Required:
Calculate the federal estate tax on Mr.Drake's estate.You may ignore any state-level inheritance taxes and assume that the federal estate tax rate is 45%.

Question

Josh Drake died on May 1,2011.He left his entire estate,with a fair value of $6,200,000 to his sole surviving family member,his daughter,DeeDee.
Prior to any distribution of assets,Josh's estate reflected the following details:
  Required:
Calculate the federal estate tax on Mr.Drake's estate.You may ignore any state-level inheritance taxes and assume that the federal estate tax rate is 45%.

Quizplus · Accepted Answer

The Answer of Josh Drake died on May 1,2011.He left his entire estate,with a fair value of $6,200,000 to his sole surviving family member,his daughter,DeeDee.
Prior to any distribution of assets,Josh's estate reflected the following details:
  Required:
Calculate the federal estate tax on Mr.Drake's estate.You may ignore any state-level inheritance taxes and assume that the federal estate tax rate is 45%.

Josh Drake Died on May 1,2011