A decedent is a married man with a surviving spouse. He died on January 20, 2019. He
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A decedent is a married man with a surviving spouse. He died on January 20, 2019. He left the following: Conjugal real properties P8,000,000 Conjugal family home 1,500,000 Exclusive properties 2,500,000 Claims against the estate from conjugal properties 500,000 Transfers for public use from conjugal properties 500,000.
1. How much is the gross estate?
2. How much is the family home deduction?
3. How much is the taxable net estate?
4. How much is the deduction as a share of surviving spouse?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: