Cash) Stocks and bonda investments Calculate the net taxable estate (10 points) Exclusive. Properties P 15,000,000....

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Cash) Stocks and bonda investments Calculate the net taxable estate (10 points) Exclusive. Properties P 15,000,000. 5,000,000. 1,200,000 650,000 1,500,000 5,000,000 15,000,000 25,000,000 2,000,000 4,000,000 5,000,000 1,500,000 Receivable from Antonia Receivable from Liwliwa Electronic Gadgets Cars Painting Collection. Farmland w/ granary Delivery trucks. Idle lands 5 units in a subdivision. Tife insurance, irrevocable to Mercuria's executor Joint bank accounts. Joint investments Cara Fanity home Jewelry collection Coconut farm with coconut oil facility Partnership's profit Gross Estate Less: Ordinary Deductions claims against the estate Claims against insolvent parsons Unpaid mortgage Estate after ordinary deductions Less: Special Daductions Family Home Standard Deductions Less: Share of the Surviving Spouse Net Taxable Estate 80,850,000 (14,000,000) (1,200,000) (1,500,000) 64,150,000 Common Properties 7,500,000 2,000,000 8,500,000 1,500,000 10,000, opa 15,750,000 15,750,000 7,500,000 7,000, and 8,500,000 1,500,000 10,000,000. 12,000,000 57,250,000 Net Taxable. Estate P 15,000,000 57,250,000 5,000,000 1,200,000 650,000 1,500,000 5,000,000 15,000,000 25,000,000. 2,000,000 4,000,000 5,000,000 1,500,000 12,000,000 138,100,000 (14,000,000) (1,200,000) (1,500,000) 121,400,000 (4,250,000) (5,000,000) (26,625,000) 83,525,000 Cash) Stocks and bonda investments Calculate the net taxable estate (10 points) Exclusive. Properties P 15,000,000. 5,000,000. 1,200,000 650,000 1,500,000 5,000,000 15,000,000 25,000,000 2,000,000 4,000,000 5,000,000 1,500,000 Receivable from Antonia Receivable from Liwliwa Electronic Gadgets Cars Painting Collection. Farmland w/ granary Delivery trucks. Idle lands 5 units in a subdivision. Tife insurance, irrevocable to Mercuria's executor Joint bank accounts. Joint investments Cara Fanity home Jewelry collection Coconut farm with coconut oil facility Partnership's profit Gross Estate Less: Ordinary Deductions claims against the estate Claims against insolvent parsons Unpaid mortgage Estate after ordinary deductions Less: Special Daductions Family Home Standard Deductions Less: Share of the Surviving Spouse Net Taxable Estate 80,850,000 (14,000,000) (1,200,000) (1,500,000) 64,150,000 Common Properties 7,500,000 2,000,000 8,500,000 1,500,000 10,000, opa 15,750,000 15,750,000 7,500,000 7,000, and 8,500,000 1,500,000 10,000,000. 12,000,000 57,250,000 Net Taxable. Estate P 15,000,000 57,250,000 5,000,000 1,200,000 650,000 1,500,000 5,000,000 15,000,000 25,000,000. 2,000,000 4,000,000 5,000,000 1,500,000 12,000,000 138,100,000 (14,000,000) (1,200,000) (1,500,000) 121,400,000 (4,250,000) (5,000,000) (26,625,000) 83,525,000

Answer rating: 100% (QA)

To calculate the net taxable estate we need to sum up all the taxable properties and deductions Lets ... View the full answer