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Business, 04.03.2020 18:07 wrivera32802

Jose dies in the current year and has a gross estate valued at $13,000,000 in 2019. Over the past ten years, Jose had made taxable gifts of $400,000. The estate incurs funeral and administrative expenses of $100,000 and also pays off Jose's debts which amount to $300,000. Jose bequeaths $500,000 to his wife. What is the amount of Jose's tax base, the amount on which the estate tax is computed?

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Jose dies in the current year and has a gross estate valued at $13,000,000 in 2019. Over the past te...
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