Which is NOT a requisite for claims against the estate to be deductible from the gross estate?Select one:a.They must be reasonably certain in amount.b.They were conducted in good faith.c.They must be existing against the estate.d.They must be contracted within three (3) years before the death of the decedent.

Which is NOT a requisite in order that claims against the decedent's estate may be deductible?Select one:a.They must be enforced by the claimants.b.They must be existing against the estate.c.They must be reasonably certain as to amounts.d.They must have been prescribed.

Which is NOT necessary for vanishing deductions to be allowed as deductions from the gross estate of a decedent?Select one:a.The property previously taxed must have been identified as the one originally received or one which was received in exchange thereof.b.The donor's tax or estate tax on the property previously taxed must have been paid before the death of the current decedent.c.The said property must be received by the current decedent within five (5) years before his death.d.The said property must be received by the current decedent five (5) years after the death of the prior decedent.Clear my choice

Casualty losses are deductible from the gross estate if ___I. such loss was incurred during the settlement of the estateII. such loss was incurred not later than the last day for the payment of the estate taxSelect one:a.Both statements are false.b.Both statements are true.c.I is true; II is falsed.I is false; II is true

Which is NOT a major class of deduction from the gross estate of a resident decedent?Select one:a.Vanishing deductionb.Retirement benefits received by the heirs under RA 4917c.Judicial expensesd.Medical expenses

Which deductions from the gross estate is deductible without amount limitations?Select one:a.Medical expensesb.Family home allowancec.Funeral expensesd.Judicial expenses