Mr. Mo Filipino citizen, married died on February 2018 leaving the following properties; a. Family Home (conjugal
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Mr. Mo Filipino citizen, married died on February 2018 leaving the following properties; a. Family Home (conjugal property with unpaid mortgage 1M) 30,000,000 b. Other real and personal properties 14,000,000 c. Exclusive properties 5,000,000 Expenses: Funeral Expenses 500,000 Other Conjugal Ordinary deductions 1,000,000 Medical Expenses 600,000.
13 I. How much is the total gross estate of Mr. Mo? _______________
14 II. Allowable ordinary deductions is? _______________
15 III. The net taxable estate? ____________
16 IV. Estate tax due and payable?___________
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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