A resident citizen died leaving a cash in bank in local domestic bank with face value of P1,000,000 and other properties. If the heirs will withdraw the said cash in bank, what is the final tax to be withheld by the local domestic bank if the heirs would like to withdraw the total amount of cash in bank? a. P60,000 b. P120,000 c. P100,000 d. P5,000

A resident citizen died leaving a cash in bank in local domestic bank with face value of P1,000,000 and other properties. If the heirs will withdraw the said cash in bank, what is the final tax to be withheld by the local domestic bank if the heirs would like to withdraw the total amount of cash in bank? a. P60,000 b. P120,000 c. P100,000 d. P5,000

Administration Of Wills/Trusts/ And Estates

5th Edition

ISBN:9781285281308

Author:Brown

Publisher:Brown

Chapter9: Specialized Trusts

Section: Chapter Questions

Problem 1CTD

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