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The late Mr. Loyola's Gross Estate has been valued at P56,000,450 and the 5,000,000 standard deduction is being availed alongside P500,000 worth of funeral expenses

The late Mr. Loyola's Gross Estate has been valued at P56,000,450 and the 5,000,000 standard deduction is being availed alongside P500,000 worth of funeral expenses without receipts. How much is the net estate tax due? a. 3,330,027 b. 3,830,027 c. 3,330,027 d. 3,360,000

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