Yee made 3 million of taxable gifts in 1993 and paid gift, Ask an Expert

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Yee made $3 million of taxable gifts in 1993 and paid gift taxes (less the unified credit) of $1,098,000. Yee died in 2008 with a taxable estate of $100,000. At current rates the gift taxes payable on $3 million would be $1,240,800. Determine her estate tax liability.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92306386

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