4. COMPUTE: Inheritance of brother 5. COMPUTE: Inheritance of girlfriend (mother of child) 6. COMPUTE: Inheritance of son
4. COMPUTE: Inheritance of brother 5. COMPUTE: Inheritance of girlfriend (mother of child) 6. COMPUTE: Inheritance of son
Chapter3: Tax Formula And Tax Determination; An Overview Of property Transactions
Section: Chapter Questions
Problem 29P
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Question
4. COMPUTE: Inheritance of brother
5. COMPUTE: Inheritance of girlfriend (mother of child)
6. COMPUTE: Inheritance of son
![GIVEN:
• Decedent - single and a legitimate child
• Died - June 2021
No last will and testament (INTESTATE)
Survived by - father, brother, sister, live-in girlfriend, 2-yr old son (acknowledged)
Properties/Rights/Obligations at the time of death:
Description
FV at death
Various tangible properties
Intangibles
Unpaid mortgages on tangible properties
Unpaid real property taxes
Estate tax to be paid by the estate
P25,000,000
2,000,000
3,000,000
200,000
100,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffedeca3b-a887-4dbf-aaaa-9c7076a9b50d%2Ffb4cee35-fe5f-4221-8e6b-be7746664deb%2Frigpi5s_processed.png&w=3840&q=75)
Transcribed Image Text:GIVEN:
• Decedent - single and a legitimate child
• Died - June 2021
No last will and testament (INTESTATE)
Survived by - father, brother, sister, live-in girlfriend, 2-yr old son (acknowledged)
Properties/Rights/Obligations at the time of death:
Description
FV at death
Various tangible properties
Intangibles
Unpaid mortgages on tangible properties
Unpaid real property taxes
Estate tax to be paid by the estate
P25,000,000
2,000,000
3,000,000
200,000
100,000
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