American College Exam HS330 Topic 1 Question 60 Discussion

Actual exam question for American College's HS330 exam

Question #: 60
Topic #: 1

The following are facts concerning a decedent's estate:

Taxable estate $2,000,000

Pre-1977 taxable gifts 500,000

Post-1976 adjusted taxable gifts 300,000

Post-1976 gifts made to a qualified charity 200,000

The tentative tax base of this estate is

A$400,000

B$2,000,000

C$2,300,000

D$2,500,000

Show Suggested Answer

Suggested Answer: C

by Kimberlie at Oct 23, 2022, 01:28 PM

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