Problem 12. Mr. X died on July 31, 2021. He had the following data for 2021:...
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Problem 12. Mr. X died on July 31, 2021. He had the following data for 2021: Compensation Income Rental Income (P80,000 per month) P320,000 960,000 The decedent leases a property which earns P80,000 monthly (please see above). Q3. Assuming the estate underwent judicial settlement and the executor distributed P100,000 to the heirs during 2021, what are the taxable income of the following: a. decedent b. Estate of the deceased с. Нeirs Problem 12. Mr. X died on July 31, 2021. He had the following data for 2021: Compensation Income Rental Income (P80,000 per month) P320,000 960,000 The decedent leases a property which earns P80,000 monthly (please see above). Q3. Assuming the estate underwent judicial settlement and the executor distributed P100,000 to the heirs during 2021, what are the taxable income of the following: a. decedent b. Estate of the deceased с. Нeirs
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Q3 Decedent income means income received from the property from inherited real estate income f... View the full answer
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Posted Date:
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