Selena donated her exclusive properties to the following: January 5. To son, Dapper, and his bride,
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• January 5. To son, Dapper, and his bride, Dior on their wedding day. Farm in Baguio P 3,000,000
• March 13. To Integrated Bar of the Philippines. Cash 50,000
• July 20. To the Province of Aurora. Lot for school development 1,500,000
• August 22. To Axel, her grandson, on his 18th birthday. Cash 10,000
• September 20. To Mayor Bautista, on his comeback bid for the mayoralty race. Cash 80,000
• October 5. To Hailey, her friend, for passing the LECPA board exam. Cash 30,000
Total P 4,670,000
1. The total gross gift of Selena amounted to?
2. The donor's tax payable on March 13 is?
3. The donor's tax payable on July 20 is?
4. The total gifts subject to tax on September 20 is?
5. The donor's tax due of Selena on October 5 is?
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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