Multiple Choice
Eric dies in the current year and has a gross estate valued at $6,500,000.The estate incurs funeral and administrative expenses of $100,000 and also pays off Eric's debts which amount to $250,000.Eric bequeaths $600,000 to his wife.Eric made no taxable transfers during his life.Eric's taxable estate will be
A) $550,000.
B) $5,550,000.
C) $6,150,000.
D) $6,500,000.
Correct Answer:

Verified
Correct Answer:
Verified
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