When Yuji died in March 2013, his gross estate was valued at $8 million.

When Yuji died in March 2013​, his gross estate was valued at $8 million. The marginal estate tax rate exceeded his​ estate's marginal income tax rate because the estate collected only about $8,000 of income. Yuji willed his spouse $1.1million. His taxable estate​ (before marital​ deduction) was comprised of the​ following: Gross estate $8,000,000 Debts (300,000) Administration expenses (120,000) Funeral expenses (12,000) Charitable contribution to church (300,000) Assume Yuji​'s will also provided for setting up a trust to be funded with $400,000 of property with a bank named as trustee. His wife is to receive all the trust income semiannually for​ life, and upon her death the trust assets are to be distributed equally among Yuji​'s children and grandchildren. a. What was the amount of Yuji​'s taxable​ estate? Provide two possible answers. With (Select one) Election Without Election Gift Splitting QTIP Sec 6166 (Select One) Adjusted taxable gifts Gift taxes Marital deduction Taxable estate before marital deduction $________ $________ Minus: (select one) Adjusted taxable gifts Gift taxes Marital deduction Taxable estate before marital deduction $________ $________ Taxable Estate $________ $________ b. Assume Yuji​'s widow died in December 2013. With respect to Yuji​'s former​ assets, which items will be included in the​ widow's gross​ estate? Provide two possible​ answers, but you need not indicate amounts. With Election $ ________ Without Election$ ________