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Compute for the taxable net estate: Townhouse - P 1,000,000 Toyota Car - P 500,000 Other properties - P 1,500,000 Grose Estate - P 3,000,000

Compute for the taxable net estate:


Townhouse - P 1,000,000 


Toyota Car - P 500,000 


Other properties - P 1,500,000


Grose Estate - P 3,000,000


Less allowed deductions Expenses, losses etc. - Php 150,000 


Medical expenses - P 90,000 


Vanishing deductions - P170,000 


Family home allowance - P 185,000 


Standard deductions - P 150,000

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