On February 14, 2020, Mr. Armin Arlert and Mrs. Annie Arlert donated residential land to their daughter on account of her wedding to be celebrated on June 12, 2020. The FMV of the land at the time of donation was Php 1.2M with an unpaid mortgage of Php 300,000 to be assumed by their daughter. The FMV of the land at the time of marriage was Php 1.3M. On July 30, 2020, they donated Php 500,000 to the sister of Mr. Arlert who was diagnosed with COVID-19 The donated amount was used for the medication of Mr. Arlerts sister. On August 31, 2020, they sold 400,000 shares of VGS Corporation to their only son for Php 400,000. The book value per share as per latest audited financial statement of VGS Corporation is Php 2.00 per share. The shares of stocks were acquired three years ago for Php 100,000.

60. How much is the donors tax still due of Mr. Arlert on the February 14, 2020 transfer?

a. Php 40,500

c. Php 12,000

b. Php 81,000

d. Php 24,000

67. How much is the estate tax due of Sashas estate?

a. Php 3.462 M

c. Php 3.798 M

b. Php 3.444 M

d. Php 2.970 M