The estate of Nancy Hanks reports the following information: Value of estate assets .. . . . $8,400,000 Conveyed to spouse XXXXXXXXXX,000 Conveyed to children . . . . . . . 100,000 Conveyed to...

The estate of Nancy Hanks reports the following information:

Value of estate assets .. . . . $8,400,000
Conveyed to spouse . .. . . . . 700,000
Conveyed to children . . . . . . .  100,000
Conveyed to charities . . . . . .  420,000
Funeral expenses  . . . . . . . . . . . 50,000
Administrative expenses . . . . . 20,000
Debts . . . . . . . . . . . . . . . . . . . . 110,000

What is the taxable estate value? Choose the correct.

a. $7,070,000.

b. $7,100,000.
c. $7,180,000.
d. $7,420,000.