Decedent who is married with a surviving spouse and one legitimate chilc and two illegitimate children,...

 

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Decedent who is married with a surviving spouse and one legitimate chilc and two illegitimate children, left the following properties. Assuming the decedent died on January 5, 2018, what is the total net taxable estate: Real properties Family home Other real property (exclusive) Family lot (exclusive) Funeral expenses Taxes and losses Medical expenses P3,000,000 1,000,000 2,000,000 400,000 300,000 1,300,000 1,000,000 Decedent who is married with a surviving spouse and one legitimate chilc and two illegitimate children, left the following properties. Assuming the decedent died on January 5, 2018, what is the total net taxable estate: Real properties Family home Other real property (exclusive) Family lot (exclusive) Funeral expenses Taxes and losses Medical expenses P3,000,000 1,000,000 2,000,000 400,000 300,000 1,300,000 1,000,000

Answer rating: 100% (QA)

To calculate the total net taxable estate we need to consider the deductions allowed by the Philippi... View the full answer