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Answer to Question #150138 in Financial Math for Isabel

Question #150138
Elias lives in a state with a flat rate inheritance tax of 4.65%. He recently inherited furniture from his aunt that is valued at $13,660. Calculate the amount of inheritance tax that Elias will owe.
1
Expert's answer
2020-12-11T09:45:00-0500

The amount of inheritance tax that Elias will owe:

$13,660 * 4.65% = $635.19


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