The gross estate of an individual after death is determined to be $950,000. The following...
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Accounting
The gross estate of an individual after death is determined to be $950,000. The following details outline any expenses and requirements from the will: funeral costs: $10,000; outstanding credit card debt: $7,000; home valued at $250,000 is to be passed to the current spouse; and the remainder of the estate is to be passed to the children of the first spouse. What is the taxable estate for the individual?
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