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Mr. Rich died in the current year. The following expenses and credit relate to the...

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Accounting

Mr. Rich died in the current year. The following expenses and credit relate to the estate: Administrative expenses $ 12,500 Funeral expenses 8,500 State inheritance tax 33,000 Applicable credit amount 4,769,800 What amount can the executrix of Mr. Richs estate deduct from the gross estate in figuring the taxable estate

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