Answer Chapter 15( Estate Tax Payable) Multiple Choice Problems Part 2

1.The following pertains to the estate of a citizen decedent:

Separate properties of the decedent 12,400,000 Common Properties of the spouses 15,600,000 Possible deductions: Funeral Expenses 480,000 Judicial Expenses 220,000 Obligations(1/4 is separate property) 1,800,00 Family home- common property 15,000,000

What is the taxable net estate? a.6,800,000 b. 6,575,000 c.6,550,000 d.4,300,000

2.Compute the net distibutable estate a. 19,550,500 b. 19,030,500 c. 17,375,000 d. 16,980,500

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