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A. State the amount of allowable deductions from the gross estate in each of the following : 1. Gross estate of P500 , 000 and

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A. State the amount of allowable deductions from the gross estate in each of the following : 1. Gross estate of P500 , 000 and funeral expenses of P75 , 000 . 2. Gross estate of P3,000,000 and actual funeral expenses of P90,000 % of which was paid by friends 3. Receivable of P75,000 from an insolvent debtor whose ratio of assets to liabilities is 1:3 4. Hospitalization expenses until death: P3,000,000, 50% incurred 1 yr. Prior to death but only 1 of which is supported by receipts . Expenses for the probate of a will including P10,000 facilitation fee for a court personnel . P100,000 : amount paid to broker to convert some property in the estate to cash as authorized by the court P50,000 6. P75,000 indebtedness with interest at 20 % p.a. contracted 3months before death , not notarized and a deed of mortgage P20,000 , contracted 6 months before death at 24 % p.a. . P100,000 note payable notarized d earning 18 % p.a. died September 30, 2000 . Decedent dated March 15 , 2001 8. A conjugal family house with FMV of P900,000 and exclusive family lot worth P500,00 owned by the decedent 9. Loss by fire of building worth PIM 5 months after decedent's death , 75 % compensated by insurance . Estate was settled in the 6 month. 10. Funeral expenses of a NRA decedent in the Phil . P85,000 gross estate worth P2,000.000 40% from Philippines 11. Transfer for public purposes made inter vivos, PIM. 12 . A land worth PIM when inherited 4 1 years ago by the decedent from his father with mortgage of P200,000 , 60% of which was paid by the decedent before he died . FMV of land upon deathP1,500,000 . Gross estate is POM and deductions reached P750,000 40% of which represents ELIT & TPP. Compute for VD only. 13 . Loss of car by theft , occurring 8 months after the decedent death , value of car P300,000 , 60 % to be paid by insurance 14. Transfer for public purposes donated by the decedent to Manila City Hall (shown in the will ) P200,000 15 . Unpaid mortgage of P200,000 on a P1,1000,000 house shown in the gross estate net of the P200,000 mortgaged 16. The decedent's administrator claims the following funeral expenses Expenses of internment P40,000 Cost of the burial lot (paid 12 paid by friends & relatives , 50% ) 20,000 Fees for performance of rites incident to internment 10,000 Mourning clothing of widow & unmarried minor children 5,000 Expenses during the wake before burial (paid by uncle , 25% ) 20.000 Obituary notice 3,000 Card of thanks 2.0

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