Nicanor is a married man with surviving spouse: Community Properties: Real Property located in Manila - Php 5,000,000 Bank deposits - Php 5,000,000 Exclusive Properties: Family Home in Nueva Ecija - Php 10,000,000 Other Exclusive properties - Php 2,000,000 Community Deductions: Funeral Expenses - Php 500,000 Other Valid Deductions - Php 1,000,000 Medical Expenses - Php 1,000.000 How much is the estate tax due?
Nicanor is a married man with surviving spouse: Community Properties: Real Property located in Manila - Php 5,000,000 Bank deposits - Php 5,000,000 Exclusive Properties: Family Home in Nueva Ecija - Php 10,000,000 Other Exclusive properties - Php 2,000,000 Community Deductions: Funeral Expenses - Php 500,000 Other Valid Deductions - Php 1,000,000 Medical Expenses - Php 1,000.000 How much is the estate tax due?
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 55P
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Question
Nicanor is a married man with surviving spouse:
Community Properties:
Real Property located in Manila - Php 5,000,000
Bank deposits - Php 5,000,000
Exclusive Properties:
Family Home in Nueva Ecija - Php 10,000,000
Other Exclusive properties - Php 2,000,000
Community Deductions:
Funeral Expenses - Php 500,000
Other Valid Deductions - Php 1,000,000
Medical Expenses - Php 1,000.000
How much is the estate tax due?
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