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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