Page 1 of 9

1. Transfers subject to estate tax. Mando died of an illness on December 31 leaving the
following properties:
Condominium unit in California, USA
P 1,200,000
Family home near NCBA, Quezon City
1,450,000
Car in the Philippines
525,000
Jewelries
60,000
Shares of stocks with Malakas Corporation
78,000
Proceeds of life insurance, estate is the irrevocable beneficiary
350,000
Resthouse in Tagaytay City
1,600,000
Additional data:
a.During his lifetime, he sold a one hectare idle land to Maganda for P150,000. Market value
on the date of sale and at the time of death were P400,000 and P450,000, respectively.
b. Ten days prior to his death, he donated to Cariso a motorbike worth P40,000.
c. The condominium unit was inherited from his father three (3) years ago. His fathers will
indicate that MAndos will can appoint only any of his children as his heir.
d. A resthouse in Tagaytay City worth P1,600,000 was revocably donated to him by his friend.
His friends will failed to indicate that he shall inherit the property upon death.
e. A five-door apartment worth P3,000,000 was donated by him inter vivos to his son, Donato
but set up a condition that he shall be entitled to its income until his death.
Compute the gross estate on the estate of Mando.
2. Gross estate of resident or citizen. Alintana, died leaving the following properties:
Residential house in Marikina City
P 2,500,000
Car in the Philippines
650,000
Farm in Baler, Quezon
1,200,000
Shares of stock in Campus Trading Corp., a domestic corporation
550,000
Condominium unit in Vancouver, Canada
4,000,000
Time deposit in a Canadian Bank
260,000
COMPUTE the gross estate of Alintana if she was a:
a. Filipina residing in Marikina City.
b. Filipina residing in Vancouver, Canada
c. Canadian permanently residing in the Philippines
3. Gross estate of a nonresident alien. Engeland, a British citizen, died while domiciled in
London. He left the following properties:
House and lot in London
P 3,000,000
House and lot in Manila
2,000,000
Shares of stock in a British Corp.
250,000
Shares of stock in a Philippine Corp.
125,000
Shares of stock in a Hongkong Corp. operating and managed in Makati175,000
Accounts receivable from a Filipino debtor
60,000
Proceeds of a revocable life insurance policy issued by a Phil. Insurance company
150,000
Proceeds from a life insurance policy issued by a US Corporation
80,000
Savings deposit in a Manila Bank
45,000
Savings deposit in a New York Bank
90,000
Lease contract over his London apartment rented by the Phil. Consulate350,000
COMPUTE the gross estate assuming:
a. There is reciprocity
b. There is no reciprocity
4. Intangibles of a nonresident alien. Jimmy Shaolo, a citizen and resident of Lantau Islands,
Hongkong, died leaving the following properties in the Philippines:
Shares of stock in Lo Gao Corporation, a foreign corporation,
40% of its business is in the Philippines
P 120,000
Shares of stock in Po Lu Tan Corporation, a foreign corporation
86% of its business is in the Philippines
225,000
Bonds issued by Tsi Tsa Company, a foreign corporation with
business situs in the Philippines
60,000
Franchise exercised in the Philippines
200,000
HOW MUCH is the gross estate assuming that the foreign country of which he was a resident
or citizen:
a. Does not impose a transfer tax.
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b. Does not allow exemption from transfer tax on intangible personal property owned by
Filipinos not residing in that foreign country.
5. Classification of property. Remelisa, married to Unico, died leaving the following
properties:
Real property in Naga City, brought into marriage by Remelisa
P300,000
Income of real property in Naga City
25,000
Real property in Cauayan City brought into marriage by Unico
420,000
Income of real property in Cauayan City
52,000
Real property in Davao City, earned by Remelisa during marriage
760,000
Income of real property in Davao City
23,000
Real property in Cebu City, acquired by Unico during marriage
280,000
Income of real property in Cebu City
90,000
Tangible personal properties in Antipolo City
46,000
Income of properties in Antipolo City
4,500
Intangible personal properties in Singapore, inherited by Unico during marriage
850,000
Income of intangible personal properties in Singapore
55,000
Tangible personal Property in Dapitan City, inherited by Remelisa before marriage
32,000
Income of property in Dapitan City
1,500
Intangible personal property in Japan inherited by Unico before marriage50,000
Income of personal property in Japan
7,000
REQUIRED:
1. Classify the properties into:
a. Conjugal/Community
b. Exclusive of the decedent
c. Exclusive of the surviving spouse
2. Compute the gross estate assuming the spouses are governed by:
a. Absolute community of property regime
b. Conjugal partnership of gains
6. Absolute community property. One week prior to his scheduled marriage, Manny received
a house and lot worth P2,000,000 as a wedding gift from his mother. After a year, he
inherited a farmland valued at P5,000,000 from his father. During marriage, he acquired
properties worth P750,000 while his wife earned P125,000 out of her salary. Which of the
above properties belong to the community property of the spouses?
7. Conjugal partnership of gains. July married top April, died on December 15 leaving the
following properties:
Antique collections acquired by April while still single
P275,000
Vacation house in Baguio City, purchased by July before the marriage1,900,000
Car purchased by April out of her exclusive property
450,000
Apartment house exclusively owned by April
3,500,000
Rent income on the apartment house
25,000
House and lot, acquired out of conjugal funds, registered in the name of July2,250,000
Winnings in lotto
6,000,000
Savings deposit earned from the salary of July
250,000
HOW MUCH is the gross estate of July under the conjugal partnership of gains?
8. Property relationship of spouses. Mark and Mahalia, husband and wife, have the following
data of ownership and obligations:
Cash
P250,000
Accounts receivable
78,000
Car inherited by Mark before marriage
350,000
Car purchased by Mahalia during the marriage
600,000
Fishpond acquired by Mark when he was still single
200,000
Jewelries bought by Mark in Hongkong for his wife
60,000
Residential house and lot received as gift by Mahalia from her parents. The deed
expressly provides that it shall form part of the property of the spouses1,500,000
Properties for exclusive use of Mahalia
75,000
Properties for exclusive use of Mark
120,000
Beach resort acquired by Mark during marriage
420,000
Cash brought into marriage by Mahalia
130,000
Bank loan acquired by Mahalia during marriage to finance the
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renovation of the house

Mortgage on fishpond acquired by Mark to finance its operation

150,000
75,000

HOW MUCH is the gross estate of Mark if the spouses are governed by:
a. Absolute community of property regime.
b. Conjugal partnership of gains.
9. Conjugal partnership of gains. Based on the following data, compute the gross estate on
the estate of Adonis:
Car for exclusive use of Adonis (purchased out of conjugal funds)
P 450,000
Family home
1,200,000
Savings account with Metrobank, obtained thru the labor of his wife,
Betania during marriage
200,000
Cash obtained during marriage from exercise of his profession
150,000
Interest on bank account with Metrobank, net of 20% income tax
2,500
Value of cattles, per head (62 heads)
10,000
Note: Before the marriage, the number of cattles owned by Adonis was only 15 heads.
Net winnings in jueteng (losses incurred, P4,000)
20,000
House and lot inherited by Adonis from his father before the marriage1,650,000
Jewelries inherited by Betania from her mother, acquired during the marriage120,000
Passenger jeepney purchased by Adonis out of his exclusive property 90,000
Income earned on jeepney
6,000
10.Absolute community of property. How much is the gross estate on the estate of Alvarado,
assuming he was under absolute community of property regime? How about if he was
governed by the regime of complete separation of property?
Market value of 1,000 shares of Made Difficult Corp, inherited from his
brother during marriage (value upon inheritance, P455,000)
P 520,000
Apartment house inherited from his mother before marriage
2,500,00
Income of Apartment house
80,000
Gold necklace for exclusive use of Alvarado
20,000
Share in conjugal property for a previous marriage (childless)
1,540,000
Income of conjugal property
95,000
Family home acquired thru efforts of Alvarado
900,000
Cash savings by Buena, wife
55,000
Sole proprietorship business donated to Buena by her parents before marriage
825,000
Income of sole proprietorship business
66,000
11.The couple living together are not disqualified by an impediment to marry each
other. Agustin, single, living under a common-law marriage with Teresita, widow, died. The
following properties and rights were acquired by the couple:
Salary of Agustin
P 40,000
Salary of Teresita
50,000
House and lot acquired by spouses
1,400,000
Car, obtained by Teresita before cohabitation
500,000
Riceland, acquired by Agustin before cohabitation
250,000
Bank deposit of couple (share of Agustin 60%)
125,000
Lot acquired by spouses (donated by Agustin to Nicolas against the will of Teresita)
200,000
REQUIRED: Compute the gross estate of Agustin.
12.The couple living together are disqualified by impediment to marry each other. Sam
B. Ajero, 55, married to Paz N. Ciosa, 60 years old, cohabiting with Miss Tress, 23 years old,
his office secretary. In February 14, 2009, Sam died leaving the following properties:
Properties acquired by Sam and Paz during marriage
P 3,400,000
Parcels of land inherited by Paz from her parents during marriage 2,500,000
Natural fruits on the land inherited
250,000
House in Quezon City inherited by Sam from his parents before marriage1,850,000
Condominium unit bought by Sam as gift to Miss Tress
1,000,000
Jewelries bought form salary of Miss Tress
200,000
Appliances inside the condo (60:40 share by Sam & Miss Tress, respectively)500,000
Joint deposit of Sam and Miss Tress
88,000
REQUIRED: Compute the following:
a. Exclusive property of Sam
b. Conjugal property of Sam and Paz
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c. Gross estate
13.Gross estate. Tina Posh, the sole descendant and relative to her mother, Naty Posh,
inherited the following properties from the latter on January 5, 2008:
House and lot near the compound of Our Lady of the Pillar College in Cauayan City
1,300,000
Ten hectare pineapple plantation in Bukidnon
1,000,000
Benefits from the GSIS
200,000
Cash
25,000
Time deposit with Metrobank
150,000
Jewelries
83,500
Second hand trimobile purchased from Gina Posh
70,000
Antique collections
345,000
A bookstore near University of San Carlos
750,000
Shares of stocks (1,000 shares) in Bayani Corp.
150,000

Additional data:
1.In 2005, Tina inherited the naked title over the plantation in Bukidnon from her father
while the usufruct went to her mother.
2.The antique collections were previously inherited by Naty from her antique collector
father. The will of her father stipulated that upon her death, they shall be inherited by
Tina.
3.The will of Naty provided the following:
a.A 620 sq. m. lot worth P500,000 at the back of Notre Dame of Marbel University
shall be donated to the City of Koronadal for public purpose.
b.A time deposit with PNB amounting to P25,000 shall be donated to Hospicio de
San Jose, to be used exclusively for charitable purposes.
4.On December 31, 2008, the Board of Directors of Bayani Corporation decided to declare
dividends of P1.50 per share on stockholder of record as of January 21, 2009.
REQUIRED: Compute the gross estate on the estate of Naty Posh.
14.Judicial expenses. Based on the following data, how much judicial expenses is deductible
from the gross estate of the decedent?
Expenses incurred for the collection of assets and payment of debts P75,000
Attorney's fees (40% were incurred after six months from the death of
the decedent)
25,000
Accountant's fees
5,000
Executor's commissions
10,000
Premiums paid by administrator on his bond, being exclusively for his account2,500
Appraiser's fees
4,000
Attorney's fees for services to individual legatees
12,000
Compensation paid for services of trustee
5,000
Court costs
18,000
15.Vanishing deduction and transfer for public purpose. E Bigay, inherited property from
his father in 2007. In 2009, he died leaving a will which provides among others that he is
donating the inherited property to his barangay for use as site of the satellite market. Can he
claim vanishing deduction on said donation?
16.Vanishing deduction. Amata died in 2008 leaving one hectare of land worth P250,000 to
his son, Anacleto. After one-and-half years, Anacleto died. The value of the property at the
time or has appreciated to P300,000. At the time of Amatas death, the property was
mortgaged for P60,000 of which Anacleto paid P50,000 prior to his death. The gross estate
of Anacleto was P2,000,000, while the total allowable deduction was P575,000 which includes
medical expenses of P75,000. Compute the vanishing deduction in the estate of Anacleto.
17.Family home. How much is the deductible amount of family home each of the following
separate situations:
Case
1
2

Value of FH
P 2,000 000
820,000

Assumptions:
a. Decedent is an unmarried head of a family.
b. Decedent is married. The family home is an exclusive property.
c. Decedent is married. The family home is a conjugal property.
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d. Decedent is married. The family home is composed of the house and the lot. Thirty-five
percent (35%) of its value is a community property.
e. Decedent is married. The family home is composed of the house (community property)
and the lot (exclusive property). Seventy (70%) of the value of the family home pertains
to the
house, while the balance pertains to the lot.
18.Nonresident alien decedent. From the following data, compute the net taxable estate of
Nakimura, single, a Japanese residing In Sapporo, Japan:
Properties:
House in Sapporo, Japan
Personal properties in Japan
Real Properties in the Philippines
Tangible personal properties, Philippines
Deductions:
Funeral expenses incurred abroad
Judicial expenses in the Philippines
Claims against insolvent persons in Japan

P2,500,000
1,500,000
3,000,000
700,000
230,000
90,000
45,000

One month prior to his death, he was confined at Chinese General Hospital for five (5) days.
He spent 23,000. And then, he was transferred to a hospital in Sapporo where he was
confined for two (2) weeks. The hospital bills in Sapporo hospital totaled P145,000.
19.Share of surviving spouse. Jose, married to Nympha, died leaving the following properties:
Community property
P2,500,000
Exclusive property
725,000
Property excluded from gross estate
75,000
Charges against community properties
635,000
Charges against exclusive properties
80,000
Standard deduction
1,000,000
How much is the deductible "share of surviving spouse"?
20.Computation of net estate. Based on the following information of the estate of Mr. Gil:
Conjugal properties
P2,340,000
Exclusive properties
2,260,000
Actual funeral expenses
120,000
Judicial expenses
45,000
Claims against exclusive property, not notarized
30,000
Claims against conjugal properties, notarized
55,000
REQUIRED: Compute the net estate subject to tax of Mr. Gil.
21.Net estate. Mr. Juan Basco, Filipino, married and resident of Caloocan City died intestate. He
was survived by his wife Fidela and two children. He left the following estate:
Exclusive real estate:
Land, 500 Sq. M. with fair market value of
Land, 200 Sq. M. with fair market value of

P 1,000,000
500,000

This land, 200 Sq. M. was donated by the decedent to his brother, Jose Basco, the
donation to take effect upon the death of the donor. The donor's taxes were not paid.
Conjugal real estate:
Residential house and lot (family home) with fair market value of P2,000,000.
This real estate is mortgaged for P120,000 in the bank and at the time of death the
mortgage is unpaid.
Conjugal personal properties:
Miscellaneous personal properties with FMV of
Time deposit in bank

P 800,000
50,000

The time deposit is a joint time deposit. The co-depositor is the decedent's brother, Jose
Basco.
The actual funeral expenses amounted to P180,000. The judicial expenses amounted to
P60,000.

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REQUIRED: A statement showing the gross estate, deductions and amount subject to estate
tax on the Intestate Estate of Juan Basco.
22.Net estate. Mr. Matias Punla, Filipino, resident of Quezon City died on December 31, He was
survived by his wife, and three (3) children, An inventory of his estate as of December 31
shows the following:
Real estate:
Commercial sand, 400 sq, M. with FMV of
Residential land, 500 sq. M, with FMV of
Residential house, with FMV of
Fishpond, 2 hectares with FMV of
Personal property:
Motor vehicles, with FMV of
Time deposit with the PNB
Other personal properties

P1,400,000
250,000
1,300,000
280,000
150,000
90,000
800,000

The commercial land, 400 sq, M. is the exclusive property of the decedent and is pledged
as a collateral to a mortgage loan from the PNB obtained on April 1 in the total amount of
P200,000 at 18% per annum. The loan and accrued Interest are not paid at the date of death
of the decedent. The rest of the estate is conjugal. The residential land and the residential
house (which pertains to the family home) are mortgaged at the Metrobank for P300,000. The
unpaid balance of the mortgage loan on December 31 per certificate of the bank is P220,000.
The actual funeral expense is P55,000 and the judicial expense is P15,000,
REQUIRED: Prepare a statement showing the gross estate and deductions and the amount
subject to estate tax as of December 31.
23.Fair market value and insurance. On October 15, "A", Filipino citizen and a resident of
Manila, died intestate leaving his wife "B" and his two legitimate children, "C" and "D". The
estate of the deceased consisted of the following:
Real property - conjugal
House and lot (family home) -Manila. This property has an assessed value of P2,500,000 at
the time of death. "E", a neighbor made a formal offer to purchase said property from "B"
E for P2,900,000 on September 30.
Personal property - conjugal
The total value was placed at P1,600,000, which included proceeds of an irrevocable life
insurance policy of P100,000 from Phil-Am Life Insurance Company taken by "A" during his
lifetime, with "B" as his beneficiary.
The following deductions were claimed by the heirs:
a. Funeral expenses
P 100,000
b. Claims against the estate, notarized 75,000
c. Losses incurred in the settlement of estate25,000
REQUIRED: Net estate subject to estate tax.
24.Net estate. Wong, died intestate on September 11. He left the following:
Real estate, conjugal:
House and lot - Manila (family home)
House and lot - Bangkok '
Personal properties, conjugal:
Domestic shares
Tax free DBP bonds
Household appliances in Kampuchea
Receivable, debtor residing in Manila, insolvent
Receivable, debtor in Kampuchea, insolvent
Expenses claimed:
Cost of cemetery lot
Expenses of interment
Accounts payable, notarized
Mortgage on house and lot in Manila
Mortgage on house and lot in Bangkok
REQUIRED: Compute the following:
Exercises in Estate Taxation - Ampongan

P1,340,000
2,200,500
130,000
30,000
168,000
25,000
35,000
42,500
20,000
50,000
75,000
50,000

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a. Conjugal properties
b. Gross estate
c. Taxable net estate
25.Valuation of property. Ernesto Torres died on March 20 leaving to his heirs, a wife and two
chUdreu, the following properties:
a. Family home, bought by the spouses at a cost of P500,000, having an assessed value of
P800,000 and a fair market value of P1,800,000.
b. Land, inherited by his wife, with an assessed value of P1,500,000 and a market value of
P2,800,000.
c. 2,000 shares of Gold Mining Corporation, having a book value of P10 per share, purchased
at P15 per share, and now selling for P20 per share at the stock market.
d. A rice mill inherited by Ernesto from his father consisting of the machinery and the
building worth P1,500,000.
e. GSIS life insurance proceeds of P20,000.
Torres had an outstanding obligation to the bank of P32,000. There is a P20,000 mortgage
which came as part of the land inherited by his wife from her father. Both obligations had
benefited the conjugal partnership of the spouses. The actual funeral expenses of Mr. Torres
amounted to P40,500.
REQUIRED: Compute the net taxable estate.
26.Deductions. Wilson died in a car accident. He died intestate on October 10.
Exclusive properties of the wife:
Car
400,000
Lot in Quezon City
Other real and personal properties

P
2,000,000
800,000

Conjugal properties:
Cash on hand and in bank
500,000
Receivable as prize in a raffle contest sponsored by PICPA
50,000
Receivable from an insurance company where his son, Gino was designated in the
policy as the revocable beneficiary
150,000
House and lot in Sta. Rosa, Laguna, used as family home
1,900,000
Other personal properties
800,000
Other real properties
1,500,000
The following deductions were claimed:
Funeral expenses
P 195,000
Judicial expenses
15,000
Claims against the estate, not notarized
50,000
Claims against insolvent persons
30,000
Unpaid mortgage on lot in Quezon City
200,000
Unpaid mortgage on house and lot in Sta. Rosa, Laguna
350,000
Accrued income taxes
35,000
Income tax on income earned from October 11 to December 31 of the same year

7,500

REQUIRED: Compute the estate tax due.

27.Legacy. Minerva, single but head of the family, a resident of Cagayan de Oro City, died,
leaving the following properties and obligations:
House and lot in Cagayan de Oro, used as family home
P1,500,000
House in Manila
2,200,000
Proceeds from Philamlife insurance, payable to her mother as the irrevocable beneficiary
300,000
Shares of stock of E.T. Company, 5,000 shares, par value P80 per share. The shares were
traded at the stock exchange at the time of death as follows: Highest-P110; LowestP105.
The executor had claimed the following as deductions:
Funeral expenses
Judicial expenses
Legacy to the Philippine National Red Cross
Legacy to Xavier University for scholarship
Exercises in Estate Taxation - Ampongan

P 135,000
25,000
15,000
45,000

Page 8 of 9

Payables to Verba Corporation, notarized

50,000
Bequests to the poor as provided in her will
150,000
Amount received from employer as a consequence of the death of Minerva80,000
REQUIRED: Compute the estate tax due.
28.Vanishing deduction. Jerry, widower, physician, an employee of Bicol Medical Center, died
leaving the following properties:
Cash
P 135,000
Car
80,000
House and lot (not family home)
950,000
Medical equipments
450,000
Land in Camarines Sur, assessed value, P390,000
465,000
The following deductions were claimed:
Cremation expenses
Cost of coffin
Expenses of the wake
Cost of burial plot and tombstone
Accountant's fees
Loans from GSIS
Accrued taxes on prior year's income
Hospitalization expenses

P 150,000
20,000
60,000
22,000
5,000
80,000
23,000
15,000

The land was inherited by Jerry from his wife who died 2 V2 years prior to his death. At the
time of her death, the property was valued at P420,000 and subject to a mortgage of
P100,000 of which P30,000 was paid until his death.
The car was borrowed from a friend and was used by him without returning it until his
death. It was registered in the name of the friend.
The entire accrued taxes on salary were withheld by the employer and remitted to the
Bureau of Internal Revenue.
REQUIRED: Compute the following:
a. Gross estate
b. Net estate subject to tax and estate tax due.
29.Net estate with vanishing deduction. Mr. Lopez, a citizen resident of the Philippines died.
He was survived by his wife and two legitimate sons. He left the following estate with the
corresponding fair market value as of date of death:
Conjugal real estate (family home)
P 4,600,000
Conjugal personal properties
400,000
Exclusive estate which Mr. Lopez inherited from his deceased father
who died 2 years ago:
a. 400 square meters land
b. Commercial building
c. Motor vehicle, car

800,000
500,000
900,00

Two years and four months prior to his death, the 400 square meters land (a) and the
commercial building (b) had fair market value of P600,000 each and were mortgaged for
P200,000. This mortgage was claimed as deduction from the gross estate of the deceased
father and was paid by Mr. Lopez during his lifetime. The fair market value of the motor
vehicle, car as of both date of death is the sameThe following were claimed as deductions from the gross estate of Mr. Lopez:
Funeral expenses
P 300,000
Judicial expenses
200,000
Mortgage payable (family home)
150,000
REQUIRED: Indicate the correct amounts of;
a. Gross estate
b. Net share of surviving spouse
c. Property previously taxed
30.Net distributable estate. Eleanor, resident citizen, married and under the absolute
community of property regime, died on August 20. 2007. The following are the data on
properties and obligations:
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Page 9 of 9

Exclusive properties of Eleanor:

Personal properties
Family home
Community properties:
Real properties
Personal properties
The following were claimed as deductions:
Funeral expenses
Judicial expenses incurred until February 20, 2008
Judicial expenses incurred after February 20, 2008
Unpaid taxes
Medical expenses
Casualty loss occurred November 2, 2007
Casualty loss occurred March 5, 2008

P 2,500,000
2,000,000
1,400,000
1,750,000
220,000
30,000
20,000
12,500
550,000
350,000
130,000

REQUIRED: HOW MUCH is the net taxable estate? How about the net distributable estate?
31.Vanishing deduction - community property deduction. Elopre, married June 5, 2006
died on April 29, 2008 with the following data: Cress estate - community, P3,000,000;
exclusive, P2,000,000. Said amount includes a land which he received as gift from his father a
worth before the marriage, valued at P540,000. His father mortgaged the land for P20,000
which was paid by Elopre. Elopre mortgaged also said land for P50,000 but was able to pay
only P20,000 until his death. Expenses claimed (excluding the unpaid mortgage) amounted to
P170,000. How much is the net taxable estate?
32.Estate tax credit. Gabby, died leaving the following:
Gross estate, Philippines
Expenses, Philippines
Gross estate, United States
Expenses, United States
Estate tax paid in U.S.

P2,000,000
300,000
5,000,000
1,500,000
280,000

REQUIRED: How much is the estate tax due after tax credit if Gabby was:
a. Resident or citizen
b. Nonresident alien.
33.Estate tax credit-two or more foreign countries. Otoy, filipino, died leaving the
following:
Net taxable estate, Philippines
P 900,000
Gross estate, "A" foreign country
800,000
Gross estate, "B" foreign country
500,000
Gross estate, "C" foreign country
800,000
Deductions, "A" foreign country
200,000
Deductions, "B" foreign country
600,000
Deductions, C" foreign country
200,000
Estate tax paid in "A" foreign country
60,000
Estate tax paid in "C" foreign country
100,000
REQUIRED: Compute the estate tax due after tax credit.

Exercises in Estate Taxation - Ampongan