Upon death of Nicanor and after payment of the estate tax, it was determined that the net distributable estate amounted to Php 3,000,000.00 while the conjugal share of Inday as surviving spouse amounted to Php 5,000,000.00. Under the Rules on Succession, the following are the sharing in net distributive estate: Inday – 1/3 Jose – 1/3 Boni – 1/3 Assuming Inday waived her right to the net distributive property in favor of his two children, the donor’s tax is?
Upon death of Nicanor and after payment of the estate tax, it was determined that the net distributable estate amounted to Php 3,000,000.00 while the conjugal share of Inday as surviving spouse amounted to Php 5,000,000.00. Under the Rules on Succession, the following are the sharing in net distributive estate: Inday – 1/3 Jose – 1/3 Boni – 1/3 Assuming Inday waived her right to the net distributive property in favor of his two children, the donor’s tax is?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Upon death of Nicanor and after payment of the estate tax, it was determined that the net distributable estate amounted to Php 3,000,000.00 while the conjugal share of Inday as surviving spouse amounted to Php 5,000,000.00. Under the Rules on Succession, the following are the sharing in net distributive estate:
- Inday – 1/3
- Jose – 1/3
- Boni – 1/3
Assuming Inday waived her right to the net distributive property in favor of his two children, the donor’s tax is?
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