Compute the undervaluation penalty for each of the following independent cases involving the executor's reporting of the value of a closely held business in the decedent's gross estate. In each case, assume a marginal estate tax rate of 45%.

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The Answer of Compute the undervaluation penalty for each of the following independent cases involving the executor's reporting of the value of a closely held business in the decedent's gross estate. In each case, assume a marginal estate tax rate of 45%.

Compute the Undervaluation Penalty for Each of the Following Independent