Question
Inday is settling the estate of his husband Nicanor, who died intestate. The following are the summary of the details of Nicanors properties in connection
Inday is settling the estate of his husband Nicanor, who died intestate. The following are the summary of the details of Nicanors properties in connection with the processing and payment of his estate tax:
| Location of properties | Philippines | New Zealand |
| Gross estate | 8,000,000 | 10,000,000 |
| Allowable Deductions | 5,000,000 | 4,000,000 |
| Net estate | 3,000,000 | 6,000,000 |
| Estate tax paid |
| Php 600,000 |
How much is the ESTATE TAX PAYABLE?
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Accounting For The Environment
Authors: Rob Gray, Jan Bebbington
2nd Edition
0761971378, 978-0761971375
