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ASAP. Please show solution Official Question 12 3 pts Nicanor met Inday in 2000. They married the following year. By 2005. Inday stayed home to

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Official Question 12 3 pts Nicanor met Inday in 2000. They married the following year. By 2005. Inday stayed home to take care of their two children. In 2021. Nicanor died. Inday provided the following list of properties acquired during their marriage so you can help them file the return and pay the corresponding estate tax, if any: PROPERTIES Family home: O o Zonal value of land - Php 5,000,000 Assessed value of land - Php 3,000,000 o Assessed value of house - Php 5,000,000 o Appraiser's value - Php 20,000,000 1,000 Shares in ABC Corp. a listed company: o Opening price - Php 900 . Closing price - Php 1,200 Lowest Quote - Php 800 Highest Quote - Php 1,500 Average Value - Php 1,000 2,500 Shares in XYZ Corp. an unlisted company inherited by Nicanor from his father: Audited Financial Statements of XYZ Corp. disclosed the following: Assets - Php 10,000,000 Liabilities - Php 4,000,000 . Outstanding shares of stocks - 10,000 o Par value Php 100.00 per share Jewelry of Inday (wife) Value at time of purchase - Php 1,000,000 Note: Value at time of death of Nicanor - Php 2,000,000 Cash: o Cash on Hand (vault) - Php. 1,000,000 Time deposits in Squid Bank - Php 4,000,000 Savings deposits in Ulan Bank - Php 5,000,000 Motor vehicles. Brand new car - Php 5,000,000 o 70's Vintage Cardonated by his mother Value in market at time of death - Php 5,000,000 Acquisition Cost - Php 4,000,000 Cost of repairs/remodeling - Php 3,000,000 Other information: Conjugal Expenses o Funeral expense - Php 500,000 o Accountant's fees - Php 4,000 o Lawyer's fees - Php 500,000 Unpaid Medical expenses - Php 1,000,000 If the heirs will opt for final tax on bank deposits, how much is the total reportable gross estate? Official Question 12 3 pts Nicanor met Inday in 2000. They married the following year. By 2005. Inday stayed home to take care of their two children. In 2021. Nicanor died. Inday provided the following list of properties acquired during their marriage so you can help them file the return and pay the corresponding estate tax, if any: PROPERTIES Family home: O o Zonal value of land - Php 5,000,000 Assessed value of land - Php 3,000,000 o Assessed value of house - Php 5,000,000 o Appraiser's value - Php 20,000,000 1,000 Shares in ABC Corp. a listed company: o Opening price - Php 900 . Closing price - Php 1,200 Lowest Quote - Php 800 Highest Quote - Php 1,500 Average Value - Php 1,000 2,500 Shares in XYZ Corp. an unlisted company inherited by Nicanor from his father: Audited Financial Statements of XYZ Corp. disclosed the following: Assets - Php 10,000,000 Liabilities - Php 4,000,000 . Outstanding shares of stocks - 10,000 o Par value Php 100.00 per share Jewelry of Inday (wife) Value at time of purchase - Php 1,000,000 Note: Value at time of death of Nicanor - Php 2,000,000 Cash: o Cash on Hand (vault) - Php. 1,000,000 Time deposits in Squid Bank - Php 4,000,000 Savings deposits in Ulan Bank - Php 5,000,000 Motor vehicles. Brand new car - Php 5,000,000 o 70's Vintage Cardonated by his mother Value in market at time of death - Php 5,000,000 Acquisition Cost - Php 4,000,000 Cost of repairs/remodeling - Php 3,000,000 Other information: Conjugal Expenses o Funeral expense - Php 500,000 o Accountant's fees - Php 4,000 o Lawyer's fees - Php 500,000 Unpaid Medical expenses - Php 1,000,000 If the heirs will opt for final tax on bank deposits, how much is the total reportable gross estate

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