Which of the following is NOT true if a donor is a non-resident, not a citizen of the Philippines?Select one:a.Property located in the Philippines but donated to a done abroad will pay the donor's taxb.Property located abroad, but donated to a citizen of the Philippines will not pay the donor's taxc.Property outside the Philippines donated on account of marriage to a resident of the Philippines has a deduction of Php 10, 000d.Property in the Philippines with a value of Php 150, 000, donated to a citizen of the Philippines, will pay the donor's taxClear my choice

Mr. Aguirre, a citizen and resident of the Philippines, made donations on January 9, 2001, as follows:To Wiggy, a legitimate son, on account of marriage to be celebrated on February 27, 2001, property in the US (on which a US donor’s tax of Php 1, 200 was paid), with a fair market value of Php 55, 000To Wiggy, cash in the Philippines of Php 50, 000.How much is the donor’s tax credit for donor’s tax paid in the US? Select one:a.Php 1, 000b. Php 0 c.Php 500 d.Php 600

Which is a requisite for donation given to qualified children on account of marriage to be deductible?I. The amount of deduction should in no case exceed ten thousand pesos for each child.II. The property donated is located in the Philippines.Select one:a.Only item IIb.Only item Ic.Neither item I nor IId.Both I and II

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

If you live in Philippines, then you live in Quezon City. What is the converse?

Distinguish between donor’s tax and estate tax