David Davis died in 2019 and left an estate valued at $13,900,000 after the payment of his debts. His will gave $45,000 to the Humane Society, $102,000 to the University of Missouri, $154,000 to the Boy Scouts of America, and the remainder to his sister Mindy. The expenses of settling the estate were $10,000 for the funeral, $5,000 to his brother as executor, and $3,000 to accountants and lawyers. (a) Your answer is correct. Calculate David's gross estate. 2$ 13900000 eTextbook and Media Attempts: 1 of 3 used (b) Calculate David's adjusted gross estate. $
David Davis died in 2019 and left an estate valued at $13,900,000 after the payment of his debts. His will gave $45,000 to the Humane Society, $102,000 to the University of Missouri, $154,000 to the Boy Scouts of America, and the remainder to his sister Mindy. The expenses of settling the estate were $10,000 for the funeral, $5,000 to his brother as executor, and $3,000 to accountants and lawyers. (a) Your answer is correct. Calculate David's gross estate. 2$ 13900000 eTextbook and Media Attempts: 1 of 3 used (b) Calculate David's adjusted gross estate. $
Chapter8: Trusts
Section: Chapter Questions
Problem 2CTD
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