QUESTION: 1. ½ share of the surviving spouse is 2. Net taxable estate of the decedent is
The following information were from the estate of a married decedent who died on June 2016:
Property:
Family home acquired during marriage ₱15,000,000
Domestic shares inherited 6 years ago during marriage ₱10,000,000
Bank deposit, representing dividend earned during the marriage ₱1,000,000
Jewelry received as gift 8 years ago during marriage ₱2,000,000
Expenses:
Losses ₱1,000,000
Unpaid taxes ₱500,000
Unpaid mortgage ₱1,500,000
QUESTION:
1. ½ share of the surviving spouse is
2. Net taxable estate of the decedent is
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