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Compute ESTATE TAX DUE. Complete solution. thank you. This is the only given, it is complete. REQUIRED: Compute 2. Deductions. Wilson died in a car

Compute ESTATE TAX DUE. Complete solution. thank you. This is the only given, it is complete.

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REQUIRED: Compute 2. Deductions. Wilson died in a car accident. He died intestate on October 10,2019 Exclusive properties of the wife - P 1,400,000 Car 2,000,000 Condo unit in Pasig City Other real and personal properties 800,000 Conjugal properties . Cash on hand and in bank 500,000 Receivable as prize in a raffle contest sponsored by PICPA 50,000 Receivable from an insurance company where his son, Gino was designated in the policy as the revocable beneficiary 500,000 House and lot in Sta. Rosa, Laguna, used as family home 4,900,000 Interest in a partnership Other real properties 4,000,000 1,500,000 8 -ESTATE I/ The following deductions were claimed: Loan from financing institution 50,000 Unpaid mortgage on condominium unit 200,000 Unpaid mortgage on house and lot in Sta. Rosa, Laguna 350,000 Accrued income taxes 35,000 Unpaid realty taxes on condo unit 1,800 Unpaid realty taxes on house and lot 3,000 Income tax on income earned from October 11 to December 31 of the same year 7,500 REQUIRED: Compute the estate tax due

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