1. Valuation of the house left by the decedent

A. Fair market value per tax declaration versus zonal valuation at the time of death

B. Prevailing selling price versus fair market value whichever higher at the time of death.

C. Prevailing selling price at the time of death of decedent

D. Fair market value at the time of death

2. Which of the following deductions from gross estate of a decedent does not need substantiation?

A. Claims against insolvent persons

B. Family home

C. Standard deductions

D. Claims against the estate

3. Valuation of the lot for estate tax purposes

A. Fair market value per tax declaration versus zonal valuation at the time of death

B. Prevailing selling price at the time of decedent

C. Zonal valuation at the time of death

D. Prevailing selling price versus fair market value whichever is higher at the time of death

4. Which of the following is not included in the determination of the share of surviving spouse

A. Funeral expense

B. Transfer of decedent exclusive property for public use

C. Claims against insolvent persons

D. Judicial expense

5. All of the following items are allowed as deductions against a conjugal portion of the estate, except

A. Family home

B. Share of surviving spouse

C. Unpaid taxes

D. Claims against insolvent persons