Mr. 7, a citizen and resident of foreign country, single, died leaving the following: How much...

 

Transcribed Image Text:

Mr. 7, a citizen and resident of foreign country, single, died leaving the following: How much is the net estate? Gross estate in the Philipines Goss estate, foreign country Expenses, Losses, indebtedness, taxes, etc-Philippines Expenses, Losses, indebtedness, taxes, etc-Foreign P 15, 000, 0000 3,000,000 6,000,000 1,000,000 Mr. Z., a citizen and resident of foreign country, single, died leaving the following: How much is the total deductions from the Philippines gross estate? Gross estate in the Philipines Goss estate, foreign country Expenses, Losses, indebtedness, taxes, etc-Philippines Expenses, Losses, indebtedness, taxes, etc-Foreign P 15, 000, 0000 3,000,000 6,000,000 1,000,000 Mr. 7, a citizen and resident of foreign country, single, died leaving the following: How much is the net estate tax due/payable? Gross estate in the Philipines Goss estate, foreign country Expenses, Losses, indebtedness, taxes, etc-Philippines Expenses, Losses, indebtedness, taxes, etc-Foreign P 15, 000, 0000 3,000,000 6,000,000 1,000,000 Mr. 7, a citizen and resident of foreign country, single, died leaving the following: How much is the net estate? Gross estate in the Philipines Goss estate, foreign country Expenses, Losses, indebtedness, taxes, etc-Philippines Expenses, Losses, indebtedness, taxes, etc-Foreign P 15, 000, 0000 3,000,000 6,000,000 1,000,000 Mr. Z., a citizen and resident of foreign country, single, died leaving the following: How much is the total deductions from the Philippines gross estate? Gross estate in the Philipines Goss estate, foreign country Expenses, Losses, indebtedness, taxes, etc-Philippines Expenses, Losses, indebtedness, taxes, etc-Foreign P 15, 000, 0000 3,000,000 6,000,000 1,000,000 Mr. 7, a citizen and resident of foreign country, single, died leaving the following: How much is the net estate tax due/payable? Gross estate in the Philipines Goss estate, foreign country Expenses, Losses, indebtedness, taxes, etc-Philippines Expenses, Losses, indebtedness, taxes, etc-Foreign P 15, 000, 0000 3,000,000 6,000,000 1,000,000

Answer rating: 100% (QA)

To calculate the net estate of Mr Z we need to subtract the total expenses losses indebtedness taxes etc from the gross estate both in the Philippines ... View the full answer