American College Exam HS330 Topic 2 Question 98 Discussion

Actual exam question for American College's HS330 exam

Question #: 98
Topic #: 2

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

A$1,745,000

B$1,750,000

C$1,795,000

D$1,800,000

Show Suggested Answer

Suggested Answer: C

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

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Magda

4 days ago

Okay, let's see... Gross estate, minus expenses, debts, and funeral costs... I think I've got it!

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Tu

16 days 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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Julian

20 days 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

21 days ago

I disagree, I believe the correct answer is C) $1,665,000.

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Julian

22 days ago

I think the answer is A) $1,600,000.

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