King, a Filipino, married to Risa in 2003, died on April 2016. The inventory of properties of the

couple are as follows:

a. Townhouse and lot in Manila acquired from conjugal funds of P 1,650,000

b. Farm lot in Laguna inherited by husband P 850,000

c. Land in Novaliches brought to the marriage by husband; P 450,000

d. Fishpond in Bulacan donated to wife in 2005; P 960,000

e. Time deposit in the name of husband and wife; P 120,000

f. Time deposit in the name of husband and his brother; P 65,000

g. Jewelry brought into marriage by wife; P 135,000

h. Proceeds of insurance, revocable, payable to wife; P 250,000

i. Proceeds of GSIS life insurance policy; P 150,000

j. Proceeds of private life insurance policy where the beneficiary is the sister and silent

as to designation; P 300,000

k. Cash, representing rental income from fishpond in Bulacan; P 180,000

l. Employee benefits under RA 4917; P 500,000

Required:

Compute the following:

A. Under CPOG, determine the:

a.1. Taxable gross estate of decedent and

a.2. The exclusive property of wife.

B. Under ACOP; determine the:

b.1. Taxable gross estate of decedent and

b.2. Exclusive property of wife.