Personal Finance 1 Worksheet 17

Personal Finance 1 Worksheet 17 - Gift adjusted estate...

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W17 Amount Total Amount Gross estate value 150,000.00 $ Funeral expenses 10,000.00 $ Estate administration expenses 25,000.00 $ Outstanding debt - $ Income taxes - $ Marital Deduction 10,000.00 $ Charitable contributions - $ Total - 45,000.00 $ Taxable estate value = 105,000.00 $ Cumulative taxable lifetime gifts + 200,000.00 $ Estate-Tax-Free Transfer Threshold - 150,000.00 $ up to 3.5 mi
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Unformatted text preview: Gift adjusted estate value = 155,000.00 $ Step 4: Calculate your estate taxes Gift-adjusted taxable estate X .45 71,300.00 $ Step 3: Calculate your gift-adjusted taxable estate . FEDERAL ESTATE TAX LIABILITY ESTIMATOR WORKSHEET Step 1: Calculate the value of the gross estate. Step 2: Calculate your taxable estate....
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