The following are the donations made by Mr. and Mrs. Santos on their conjugal properties. Both are
Question:
The following are the donations made by Mr. and Mrs. Santos on their conjugal properties. Both are resident citizens
of the country.
Date Amount Donee
March 3, 2021 P500,000 Aika, legitimate daughter
July 20, 2021 P400,000 Tricia, legitimate daughter, on account of marriage
October 4, 2021 P200,000 Jillian, legitimate daughter
1. How much was the donor's tax payable of Mr. Santos on his 1st donation?
2. How much was the donor's tax payable of Mrs. Santos on her 2nd donation?
3. How much was the total donor's tax payable of Mr. and Mrs. Santos on all their donation?
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill