Using the data from the previous number, and assuming the decedent was a non resident alien, how much will be the deductible funeral expenses?Select one:a.Php 25, 000b.Php 15, 000c.Php 62, 500d.Php 50, 000

The executor of a married decedent provided the following data about his estate:I. Properties within the Philippines, Php 1, 250, 000II. Properties outside the Philippines, Php 2, 500, 000III. Actual funeral expenses in the Philippines, Php 45, 000IV. Actual funeral expenses outside the Philippines, Php 30, 000 Assuming that the decedent was a citizen or resident of the Philippines, How much is the deductible funeral expenses?Select one:a.Php 100, 000b.Php 75, 000 c.Php 45, 000 d.Php 187, 500

The administrator of the estate of a decedent who is unmarried has presented the following data which may or may not be relevant in the determination of the net estate subject to tax:   Gross estate ( appropriately determined)     Php 2, 500, 000   Medical expenses                                                  175, 000   Funeral expenses (actual)                                      300, 000   Judicial expenses                                                     25, 000       Casualty losses                                                        50, 000   Claims against insolvent individuals                           75, 000   Income tax incurred by the estate                             62, 500   Transfers for public use                                          100, 000   Estate tax paid in a foreign country                           40, 000   Unpaid mortgage on a property included                    87, 500     in the above gross estate How much should be the funeral expenses to be deducted from the gross estate?Select one:a.Php 200, 000 b.Php 150, 000 c.Php 125, 000 d.Php 50, 000

Lisa, the decedent, owns a property amounting to Php 750, 000 at the time of her death. The said property was sold at Php 350, 000 by Lisa during her lifetime to Enrique. Nevertheless, its fair market value was  Php 600, 000. It was agreed that the transfer of ownership will be done after Lisa’s death.  For estate tax purposes, how much should be included in the gross estate of Lisa?Select one:a.Php 600, 000 b.Php 250, 000 c.Php 750, 000 d.Php 400, 000

Land - Php10,000,  Salvage Value - 1,000, Useful Life 9 years. How much is the Annual Depreciation Expense?

Agencia Cigurado, a domestic insurance corporation, posted the following data for the third quarter of 2000:Total insurance premiums due and collectible                Php 912, 500These premiums consist of the following:   Life and Disability insurance premium             Php 300, 000   Marine insurance premium                                    212, 500   Heal th & accident insurance premium                    250, 000   Property insurance premium                                  150, 000Collection during the quarter on the above premiums were 65 %, 45 %, 50 %, and 70 % respectively.How much is the percentage tax due?Select one:a.Php 9, 750b.Php 6, 250c.Php 26, 031d.Php 16, 000