The date of death for a widow was 2008. If the estate was valued at $2,129,000 and the estate was taxed at 45 percent, what was the heir's tax liability? (Do not round intermediate calculations.)
Exemption Amounts2006-2008 $2,000,000 2009 $3,500,000 2010 Repeal (no estate tax) 2011 $5,000,000