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American College Exam HS330 Topic 2 Question 98 Discussion

Actual exam question for American College's HS330 exam
Question #: 98
Topic #: 2
[All HS330 Questions]

A man recently died with only probate assets. Under the terms of his will, he left his entire probate estate outright to his wife. The following are relevant facts about the estate:

Gross estate $2,000,000

Estate administration expenses 50,000

Debts of decedent 200,000

Allowable funeral expenses 5,000

The amount of the allowable marital deduction is

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Suggested Answer: C

by Zona at Sep 13, 2024, 02:58 AM

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Tony
20 days ago
Hmm, $2 million estate, huh? If I had that kind of money, I'd be sipping margaritas on a beach, not worrying about deductions.
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Justine
21 days ago
I bet the answer is hidden in the fine print, like a sneaky tax loophole. This is why I always read the instructions twice!
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Lavera
24 days ago
Probate assets, huh? This is starting to sound like a real-life 'Knives Out' scenario. I wonder if the wife is the culprit?
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My
26 days ago
Wait, what's the marital deduction again? I better brush up on my tax law before tackling this question.
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Jenifer
13 days ago
In this case, it would be the gross estate minus debts and expenses.
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Whitney
20 days ago
Marital deduction is the amount that can be passed to a surviving spouse tax-free.
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Magda
1 months ago
Okay, let's see... Gross estate, minus expenses, debts, and funeral costs... I think I've got it!
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Dalene
3 days ago
D) $1,695,000
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Charisse
13 days ago
C) $1,665,000
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Royal
18 days ago
B) $1,635,000
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Meghann
27 days ago
A) $1,600,000
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Tu
2 months ago
Hmm, this seems like a tricky one. I'll have to crunch the numbers carefully to figure out the right answer.
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Lorrine
2 days ago
D) $1,695,000
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Vernice
28 days ago
C) $1,665,000
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Lillian
29 days ago
B) $1,635,000
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Eleonora
1 months ago
A) $1,600,000
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Julian
2 months ago
I see your point, but I still think A) $1,600,000 makes more sense based on the facts provided.
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Lizbeth
2 months ago
I disagree, I believe the correct answer is C) $1,665,000.
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Julian
2 months ago
I think the answer is A) $1,600,000.
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