A resident Chinese national died and left assets in China valued at P80 million and in the Philippines valued at P20 million. For Philippine estate tax purposes the share of his surviving spouse in their conjugal partnership amounted to P15 million. The gross estate for Philippine estate tax purposes is?

48 Inday, a resident of Manila City is the executor of Nicanor, a Filipino migrant in Canada. Nicanor’s home province in the Philippines is Pampanga while the property is located in Cebu City. In processing Nicanor’s estate, the estate tax return shall be filed in:  Group of answer choices  Office of the Commissioner thru RDO 39-South Quezon City  Manila City  Cebu City  Pampanga

Determine the taxable income for the year. (PHILIPPINES)

Sam Smith is a citizen and bona fide resident of Great Britain (United Kingdom). During the current year, Sam received the following income: • Compensation of $30 million from performing concerts in the United States. › Cash dividends of $10,000 from a French corporation's stock. ▸ Interest of $6,000 on a U.S. corporation bond. ▸ Interest of $2,000 on a loan made to a U.S. citizen residing in Australia. • Gain of $80,000 on the sale of stock in a U.S. corporation. Determine the source (U.S. or foreign) of each item of income Sam received. Income Income from concerts Dividend from French corporation Interest on a U.S. corporation bond Interest of $2,000 on a loan made to a U.S. citizen residing in Australia Gain of $80,000 on the sale of stock in a U.S. corporation Source