The date of death for a widow was 2017. if the estate was valued at $7.6 million and the estate was taxed at 40 percent, what was the heir’s tax liability? (enter your answer in dollars not in millions.) a filing is required for estates with combined gross assets and prior taxable gifts exceeding $5,490,000 in 2017, $11,180,000 in 2018, and $11,400,000 in 2019.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?