Problem

The estate of Nancy Hanks reports the following information: Value of estate assets$...

The estate of Nancy Hanks reports the following information:

Value of estate assets

$1,400,000

Conveyed to spouse

700,000

Conveyed to children

100,000

Conveyed to charities

420,000

Funeral expenses

50,000

Administrative expenses

20,000

Debts

110,000

What is the taxable estate value?

a. $70,000.

b. $100,000.

c. $180,000.

d. $420,000.

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