Before he died, Hank Harris accrued $2,000 in intere representative report this income? O Form 706. O Either the estate's Form 1041 or the estate's Form 7 Either Hank's final Form 1040 or the estate's Form 1 Either Hank's final Form 1040 or the estate's Form 7 O O
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- During 2016, an estate generated income of $57,500: Rental income $21,500 18,500 7,500ב Interest income Dividend income The interest income is conveyed immediately to the beneficiary stated in the decedent's will. The dividends are given to the decedent's church. What is the taxable income of the estate? Taxable incomeAn estate has the following income: $5,000 3,000 1,000 Rental income Interest income Dividend income The interest income was immediately conveyed to the appropriate beneficiary. The dividends were given to charity as per the decedent's will. What is the taxable income of the estate? Multiple Choice $5,000. $4.400. $8,000. $8,400.Compute for the vanishing deduction Che-che, a resident citizen, died on August 15, 2020. Details regarding her gross estate, are presented below: Conjugal property House, exclusive property of Che-che Other exclusive property of Che-che Value at the Death of Che-che P4,500,000 1,500,000 1,200,000 Actual funeral expenses incurred Judicial expenses, incurred evenly for 12 Amount P250,000 480,000 mos. Deductible claims against insolvent persons Loss from claims against insolvent persons Insured loss from earthquake 420,000 140,000 200,000 P178,911 P183,202 P232,404 P271,010
- 49. A, Filipino, married, died on January 2018, leaving the following: a Family Home b. Cash and other properties c. Benefits under RA 4917 d. Ordinary deductions for expenses, losses and taxes (ELIT) P 1,800,000 2,500,000 1,000,000 700,000 Determine the net taxable estate of A.An estate has the following income: The interest income was immediately conveyed to the appropriate beneficiary. The dividends were given to charity as per the decedent’s will. What is the taxable income of the estate? $4,400 $5,000 $8,000 $8,400The estate of Nancy Hanks reports the following information: What is the taxable estate value? $7,070,000. $7,100,000. $7,180,000. $7,420,000.
