Compute for the taxable net estate:

Townhouse - P 1,000,000 

Toyota Car - P 500,000 

Other properties - P 1,500,000

Grose Estate - P 3,000,000

Less allowed deductions Expenses, losses etc. - Php 150,000 

Medical expenses - P 90,000 

Vanishing deductions - P170,000 

Family home allowance - P 185,000 

Standard deductions - P 150,000

Answer rating: 100% (QA)

To compute for the taxable net estate we start with the gross estate and then deduc... View the full answer