Assume the facts in part b. Compute the estate tax payable by Mrs. Turner’s executor assuming that Jeffrey predeceased his wife and had an unused $1.91 million lifetime transfer tax exclusion. In this case, Marcus inherited the residual of Mrs. Turner’s estate net of charitable bequests.

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.