Using the same date in the preceding number how much

11. Using the same date in the preceding number, how much is the deductible family
home?
a. P12,000,000 c. P7,000,000
b. P10,000,000 d. None
SITUATIONAL
The decedent is a married man with a surviving spouse with the following data died on
February 1, 2021:
Conjugal real personal properties (excluding land
valued at P200,000 transferred inter vivos to a son) P10,000,000
Conjugal personal properties (including P800,000 bank
deposit which was withdrawn and subjected to 6% final
withholding tax) 4,800,000
Conjugal family home 30,000,000
Conjugal ordinary deductions claimed (including P500,000
funeral expenses but excluding P300,000 judicial expenses) 2,500,000
12. Using BIR From No. 1801 what amount shall be reflected in Line 34 page 2 (Gross
estate)
13. Using BIR From No. 1801 what amount shall be reflected in Line 35 page 2 (Ordinary
deductions)
14. Using BIR From No. 1801 what amount shall be reflected in Line 37D page 2 (Total
special deductions)
15. Using BIR From No. 1801 what amount shall be reflected in Line 40 page 2 (Net
taxable estate)
a.
P31,500,000
c.
P27,000,000
b.
P27,500,000
d.
P21,000,000
16. Using BIR From No. 1801 what amount shall be reflected in Line 18 page 1 (Estate
tax due)

TAXATION
ReSA Batch 44 – October 2022 CPALE Batch
31 July 2022  8:00 AM to 11:00 AM
TAX First Pre-Board Exam
17. Which of the following statements is incorrect in connection with cash installment
payment of estate tax?
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