Solved: Jorges gross estate is valued at 7200000 his liabilities, Accounting Basics

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Jorges gross estate is valued at 7200000 his liabilities

Question - Jorge's gross estate is valued at $7,200,000. His liabilities and funeral expenses totaled $245,000. Hi will stipulated $100,000 to be contributed to a local charitable organization, $5,000,000 to her surviving spouse and the remainder to his daughter form a previous marriage. What is Jorge's taxable estate?

$1,855,000

$5,000,000

$6,855,000

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Accounting Basics: Jorges gross estate is valued at 7200000 his liabilities

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Accounting Basics: Jorges gross estate is valued at 7200000 his liabilities

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