Question: Answer Chapter 15( Estate Tax Payable) Multiple Choice Problems Part 2 1.The following pertains to the estate of a citizen decedent: Separate properties of the

Answer Chapter 15( Estate Tax Payable) Multiple Choice Problems Part 2

1.The following pertains to the estate of a citizen decedent:

Separate properties of the decedent 12,400,000 Common Properties of the spouses 15,600,000 Possible deductions: Funeral Expenses 480,000 Judicial Expenses 220,000 Obligations(1/4 is separate property) 1,800,00 Family home- common property 15,000,000

What is the taxable net estate? a.6,800,000 b. 6,575,000 c.6,550,000 d.4,300,000

2.Compute the net distibutable estate a. 19,550,500 b. 19,030,500 c. 17,375,000 d. 16,980,500

Answer Chapter 15( Estate Tax Payable) Multiple Choice Problems Part 2 1.The

REAL 2019 EDITION T BUSINESS and TRANSFER TAXATION Lows Principles and Applications Well Organized Comprehensive V Illustrative Simplified TRAIN Law Updated S Self-taught An Integrated Principle-based Approach A guide to understanding and mastering business and transfer fox principles and application for Accountancy Finance Business Including Law Student REX B. BANGGAWAN, CPA, M

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