. if the amount of federal estate tax due on an estate valued at $1.35 million is $437,000 plus 43 percent of the value of the estate in excess of $1.25 million, then the federal tax due is approximately what percent of the value of the estate?

1) One for a fixed $437,000 (paid regardless of circumstances);
2) A second for 43% of any estate value beyond $1,250,000 (this estate's value is over the threshold by $100,000)
solving
($1,350,000−1,250,000)=$100,000($1,350,000−1,250,000)=$100,000 \s— The excess of $100,000 is subject to a 43% tax, or $43,000.
#1 plus #2 equals the entire amount of tax due.
Total tax due is $480,000 ($437,000 plus $43,000).
Tax due as a percentage of the estate's worth (remove the four zeros):
total Taxes Estate Value=(48135∗100)≈(.35∗100)
Total Taxes Estate Value=(48135∗100)≈(.35∗100)

hence, equates to about 35%

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