What amount of the family property will be included in Mr. Allen’s gross estate for federal estate tax purposes?

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A$40,000 bank account. Mr. and Mrs. Allen own the account jointly with the right of survivorship even though Mrs. Allen made all the deposits.

What amount of the family property will be included in Mr. Allen’s gross estate for federal estate tax purposes?
A . $220,000
B . $400,000
C . $500,000
D . $520,000

Answer: A