Question

Check my wort Required information The following information applies to the questions displayed below.) Part 1 of 2 Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his wife, Kaffie, and the real estate to his church, The First Church of Methodology. The remainder of his assets were to be placed in trust for his three children. Tom's estate consisted of the following: 10 points eBook Assets: Personal assets Cash and stock Intangible assets (film rights) Real estate Hint $ 1,040,000 24,200,000 72,500,000 15,200,000 $ 112,940,000 Print References Liabilities: Mortgage Other liabilities $ 3,400,000 4,300,000 7,700,000 $ a. Tom made a taxable gift of $5.30 million in 2011. Compute the estate tax for Tom's estate. (Refer to Exhibit 25-1 and Exhibit 25-2.) (Enter your answers in dollars, not millions of dollars.)

Answer 1

Data Gooss estate Personal Auets 10,40,000 Cash& stock 84200000 Intangeble asset 72500000 Real estate 15200000 - Dehls Mortgage 3400,000 Other liabilities 4300000 Adjustable grous esteite 105970000 105240000 (2 Maute deduchon 2:4200000 - Chautable deduchin. 15200000 - Taxable estate 65840000 | Aeyusled tevable 5300000 fifts Cumulahue texable 140000 According Accading - Curent tansate Taxon cumulative to tax / Geft tax payable rates / Tentatuie Estate tax & guten (Applicable credit (4505800] U Gross estate tax bansfer Totuve