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Problem Gross Estate For each type of decedent, compute for the gross estate of Mr. Hu if he left property enumerated below. a. Resident
Problem Gross Estate For each type of decedent, compute for the gross estate of Mr. Hu if he left property enumerated below. a. Resident Citizen b. Non-Resident Citizen Resident Alien c. d. Non-Resident Alien, With Reciprocity e. Non-Resident Alien, Without Reciprocity 1. Obligations issued by foreign corporation 2. Lot in Angeles City, Pampanga 3. Land in Marinduque 4. Notes receivable, debtor in Europe 5. Interest in a foreign industry 6. Animal houses attached to land in Tarlac, Tarlac 7. Furniture in Las Pinas City 8. Shares of stock in a domestic corporation. Rice field in San Jose, Nueva Ecija 9. 10. Truck in San Jose, Nueva Ecija 11. Paintings in house in the Philippines 12. Bonds issued by a US-based corporation 13. Franchise used in Ormoc City 14. Bank deposit at Citibank, Hong Kong 15. Business right in a foreign corporation 16. Trademark in the Philippines 17. Foreign shares of stock 18. Business right in a domestic partnership 19. Growing fruits in Marinduque land 20. Investment in a domestic partnership 21. House and lot in Las Pinas City 500,000 250,000 150,000 350,000 1,500,000 200,000 350,000 550,000 375,000 900,000 1,200,000 2,750,000 3,250,000 2,200,000 3,250,000 2,250,000 1,750,000 3,750,000 600,000 400,000 4,500,000
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