Kaye wants to know the estate tax due on the estate left by her father who died
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Question:
Kaye wants to know the estate tax due on the estate left by her father who died last 2018. Please help her however taking into account the following consideration.
a. Value of the property by year 2018 is Php 10 million;
b. They have a family home worth Php 1 million;
c They have incurred Medical expenses substantiated with official receipt amounting to Php 1 million
Question:
How much is the Estate Tax Due Payable by Kaye? Show your computation by using the formula for Estate Tax.
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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