A non-resident alien who is single, died leaving the following properties and deductions : Tangible personal property - P 1,500,000 Shares of stocks, domestic corporation - P 700,000 Shares of stocks, foreign corporation - P 400,000 Deductible expenses - P 800,000 What is the amount of total gross
A non-resident alien who is single, died leaving the following properties and deductions : Tangible personal property - P 1,500,000 Shares of stocks, domestic corporation - P 700,000 Shares of stocks, foreign corporation - P 400,000 Deductible expenses - P 800,000 What is the amount of total gross
Chapter17: Property Transactions: §1231 And Recapture Provisions
Section: Chapter Questions
Problem 6CPA
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Question
A non-resident alien who is single, died leaving the following properties and deductions :
Tangible personal property - P 1,500,000Shares of stocks, domestic corporation - P 700,000
Shares of stocks, foreign corporation - P 400,000
Deductible expenses - P 800,000
What is the amount of total gross estate ?
Choices:
1,400,000
2,200,000
2,600,000
1,800,000
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