L. Mr. Eduardo de Mesa, married to Azucena Ang on December 25, 1985, resident of Sampaloc, Manila died intestate on November 2, 2013, leaving the following properties: Car rcocived as gift from parents on December 25, 2008.. Cash in bank .. 1,000,000 House and lot taken as family home (lot valued at Php2.5M was acquired by inheritance from Mig De Mesa's father who died four (4) years ago ..... 4,200,000 Receivables under life insurance With wife as revocable beneficiary. 500,000 With wife as irrevocable beneficiary. 200,000 Other personal properties. 1,300,000 tions and charges on the properties are: 320,000 80,000 500,000 150,000 340,000 50,000 20,000 Roberto de Mesa, a brother who borrowed Phtp200,000 from the deceased, left for Saudi Arabia and had.not been heard since his departure. He did not have properties in the Philippines. ‘The car in 2008 was valued at Php1,500,000 with an unpaid mortgage of 500,000. Required: Compute the taxable estate and the estate tax due thereon if estate tax retum is filed and tax due is paid on July 2, 2014. I. Ms. Michelle Espinosa, a citizen and resident of Baguio City, died intestate on July 15, 2013, survived by the spouse with whom she was married on January 3, 1991, leaving the following estate in the Philippines unfess otherwise indicated. ‘Vacation house and lot in Haws Php$,000,000 Residential house and lo 7,500,000 Agricultural land inherited from 2010. oy 1,800,000 Shares of stock inherited by Mr. Espinosa from his mother ‘ ‘on March 22, 2013. 1,000,000 Jewelries used by Ms. Espinosa, 500,000 and the following obligations and charges: Actual funeral expenses 180,000 ‘Medical expenses during her last hospital confinement. 650,000 Claims against the estate 250,000 300,000 ‘Unpaid mortgage on agricultur: At the time of inheritance, the agricultural land had a fair market value of Ph1,500,000 and an unpaid mortgage of Php600,000 while the sharcs of stock's fair market value wasVL Php700,000 and the mother indicated that the property shall be community. ‘Required: Compute the taxable estate and the estate tax due thereon if estate retum is filed and tax due is paid on April 30, 2014. |. Ms. Corazon Diokno died in the Philippines leaving a net taxable estate of Php500,000 in the Philippines and Php300,000 in Alberta, Canada paying estate tax of Php3,000.00. Required: Compute the Philippine estate tax still due after credit for the estate tax of . Alberta, Canada. Mr. Ronaldo Dizon, citizen of the Philippines died in Houston, Texas. He left the following net taxable estate and foreign estate taxes paid: ‘Net Taxable Estate Before Estate Tax Estate Tax Paid Philippines Php1,200,000 Houston, Texas 1,000,000 Php83,000 Montreal, Canada 800,000 70,000 Zurich, Switzerland 500,000 45,000 Required: Compute the Philippine estate tax still due if foreign estate taxcs paid are claimed as: a. Tax Deduction . Tax Credit Mr. Rodolfo Tuazon, a resident of the Philippines, a widower, made donation in 2013 as follows: March31 A graduation gift to daughter, Mary Ant... Php 50,000 June 15... Awedding gift to.son, Jason whose marriage will be celebrated on June 20, 2019, 10,000 Dec 25 Additional wedding gift to Jason, a piece of Iand valued at 200,000 Required: Compute the donor's tax due on the last donation. Marcial and Justina Cruz, husband and wife, both resident of the Philippines, made the following donations in 2013: July 14 To son Elmer, on account of marriage celebrated on June 30, 2019, cash . 0,000 Sept 10 ‘To Ramon, brother of Ms. Cruz, on account of marriage, cash... 20,000 Dee 25 ‘To son Elmer, additional wedding gift of an apartment which is a separate property of Ms. Cruz whose fair market value was... 2,000,000 ‘Required: Compute the donor's tax due on the last donation.