Under the absolute community of property jewelry for

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17. Under the absolute community of property, jewelry for personal and exclusive, the wifeshall belong to the
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Chapter 27 / Exercise 6
South-Western Federal Taxation 2020: Comprehensive
Maloney/Raabe/Young
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18. A died leaving a farm land. In his will, he transferred the ownership thereof to B butsubject to the condition that C will have the right to use the land for a period of ten years(usufruct). In the seventh year however, C died and in C’s will he surrendered his rightover the land to
19. One of the following isnotan exemption or inclusion from gross estate
20. Which of the following statements isnotcorrect in succession?A.Legitimate children share equally in their legitimate of ½ the net distributable estate.B.When the spouse survives with one legitimate child, the legitimate of spouse is ¼ ofthe net distributable estate.C.When the spouse survives with two legitimate child, the legitimate of spouse is ¼ ofthe net distributable net estate.D.The legitimates of the legitimate and illegitimate children takes precedence overthe legitimate of the surviving spouse.
21. Ana made the following inter-vivos:To BenTo CelTo DanTo EdCostP100,000P100,000P100,000P100,000FMV,at the time of transfer140,000140,00080,00080,000Consideration received100,000100,000100,0000FMV at the time of death of Ana one year after his death.120,00070,000120,00090,000The amount to be included in the gross estate of Ana
22. The estate should be valued at the time
23. Medical expenses, to be deductible, must be incurred by the decedent within
D.Three years prior to his death.24. The medical expense shall in no case exceedA. P200,000B. P400,000C. P500,000D. P1,000,000
25. The amount of funeral expense that may be deducted from the gross estate is

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Term
Fall
Professor
BOKEMEIER
Tags
Accounting, d, Gross Estate
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
South-Western Federal Taxation 2020: Comprehensive
The document you are viewing contains questions related to this textbook.
Chapter 27 / Exercise 6
South-Western Federal Taxation 2020: Comprehensive
Maloney/Raabe/Young
Expert Verified

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