Elizabeth Cherry has a bond that has 10 years to maturity, a face value of $1,000, an 6.5% interest rate, and a market price of $1,200. What is the dollar amount of annual interest on this bond

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.