1. An inventory of properties at the point of death of Mr. Monie revealed the following:

Exclusive properties of Mr. Monie: Jewelry 800,000 Land, inherited from his brother 1,500,000 Exclusive properties of Mrs. Monie: Car 450,000 Vacation house, inherited from her ex-husband who died in 2012 750,000

Common properties of Mr. and Mrs. Monie: Commercial Building 2,000,000 Farmland 1,500,000

Question 1: Compute how much is the gross estate for Mr. Monie.

Question 2: Compute how much is the gross estate for Mrs. Monie.

Question 3: Compute how much is the estate tax payable of Mr. Monie

Question 4: Compute how much is the estate tax payable of Mrs. Monie.

2. Mr. Kim, a citizen decedent, died leaving the following properties:

Cash proceeds of life insurance designated to a brother as an irrevocable beneficiary 500,000 Building, property inherited from his father 4,000,000 Cash in bank 2,400,000 Agricultural land 3,000,000 House and lot, family home owned by the decedent 10,000,000 Benefits from SSS 700,000

Additional information: - The agricultural land was designated by Mr. Kim's father in his will to be transferred to Jim, Mr. Kim's son, upon Mr. Kim's death. - Mr. Kim made a revocable donation involving a residential lot to his brother, Jin. - Mr. Jin paid P1,400,000 when the lot was worth 1,700,000. The lot was currently valued at P2,500,000 zonal value upon Mr. Kim's death

Compute how much is the gross estate.

Compute how much is the net taxable estate.

Compute how much is estate tax.