80. X and Y are partners (both resident citizens) in the following partnerships: ORDINARY PARTNERSHIP GENERAL PROFESSIONAL PARTNERSHIP Gross income P500,000 P400,000 Deductible Expenses P300,000 P180,000 Personal Income and Expenses X Gross Income P400,000 P280,000 Deductible Expenses 250,000 120.000 Dividend from domestic 20,000 30,000 corporation Dividend from foreign 10.000 8.000 corporation Prize, supermarket raffle 15,000 8.000 Royalty, books 10.000 12.000 Partners agreed to share partnership income and losses as follows: X = 40% (Partner X is married with 2 qualified dependent children) Y = 60% (Partner Y is single but supporting her 18 year old boyfriend living with and dependent upon her for chief support) Determine the respective taxable incomes of partners X and Y in their ITRs: a. P148,000, P258,000 b. P88,000, P132,000 C. P248,000, P308,000 d. None of the above81. Mr. A, a citizen and resident of the Philippines, made the following donations in the year 2018: Phil USA CANADA AUSTRALIA Net gift P 350.000 P 300,000 250,000 100.000 (before the 250,000 exemption) Donor's Tax 15,000 10,000 5.000 Paid Compute the donor's tax still due after tax credit: a. 28.000 c. 17.000 b. 45,000 d. 15,75082. J Reyes died on April 15, 2018, leaving the following properties: Real Properties P1,500,000 1,000 shares in Good Corporation P1,000,000 Investment in TY Partnership P400,000 Other Personal Properties P300,000 Cash P600,000 Cash of P600,000 does not include the following amounts which were received after death: a. P100,000 representing cash dividend declared by Good Corporation on January 2018, and received by J. Reyes' estate on April 30, 2018; b. Share of partnership profits for calendar year 2017 in the amount of P50,000 received by estate on May 5, 2018; and c. Rental income of apartment of P40,000 due from January to April 2018 at P10,000 a month received by the estate on May 3, 2018 Determine the gross estate of J. Reyes. a. P3,985,000 b. P5,344,000 c. P2,340,900 d. None of the above