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Using the same date in the preceding number how much

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11.Using the same date in the preceding number, how much is the deductible familyhome?a. P12,000,000c. P7,000,000b. P10,000,000d. None
SITUATIONALThe decedent is a married man with a surviving spouse with the following data died onFebruary 1, 2021:Conjugal real personal properties (excluding landvalued at P200,000 transferred inter vivos to a son)P10,000,000Conjugal personal properties (including P800,000 bankdeposit which was withdrawn and subjected to 6% finalwithholding tax)4,800,000Conjugal family home30,000,000Conjugal ordinary deductions claimed (including P500,000funeral expenses but excluding P300,000 judicial expenses)2,500,00012.Using BIR From No. 1801 what amount shall be reflected in Line 34 page 2 (Grossestate)
13.Using BIR From No. 1801 what amount shall be reflected in Line 35 page 2 (Ordinarydeductions)
14.Using BIR From No. 1801 what amount shall be reflected in Line 37D page 2 (Totalspecial deductions)
15.Using BIR From No. 1801 what amount shall be reflected in Line 40 page 2 (Nettaxable estate)a.P31,500,000c.P27,000,000b.P27,500,000d.P21,000,000
16.Using BIR From No. 1801 what amount shall be reflected in Line 18 page 1 (Estatetax due)
TAXATIONReSA Batch 44October 2022 CPALE Batch31 July 20228:00 AM to 11:00 AMTAX First Pre-Board Exam17.Which of the following statements is incorrect in connection with cash installmentpayment of estate tax?
Page3 of 140915-2303213[email protected]

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Term
Spring
Professor
Mr. Valdez
Tags
Taxation in the United States

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