TAXATION

EASY
1. The process or means by which the sovereign, through its law-making body raises income to defray the necessary
expenses of the government:
a. Toll c. Taxation
b. License fee d. Assessment

2. Which of the following may not raise money for the government?
a. Power of taxation
b. Police power
c. Power of eminent domain
d. Privatization of government’s capital assets

3. One of the following is a false statement about double taxation. Which is it?
a. There is no constitutional prohibition on double taxation.
b. Direct duplicate taxation is a valid defense against a tax measure if it is violative of the equal protection clause.
c. Absence of any of the elements of direct double taxation makes it indirect duplicate taxation.
d. A 20% final withholding tax on interest income on bank deposits and a 5% gross receipts tax on banks is a direct
duplicate taxation.

4. Progressivity of taxation is also mandated in the Constitution.

Statement 1: Our income tax system is one good example of such progressivity because it is built on the principle of
the taxpayer’s ability to pay.

Statement 2: Taxation is progressive when their rate goes up depending on the resources of the person affected.

a. Statements 1 & 2 are false

b. Statement 1 is true but statement 2 is false
c. Statement 1 is false but statement 2 is true
d. Statements 1 and 2 are true

5. No law granting any tax exemption shall be passed without the concurrence of –
a. Majority of all members of Congress
b. 2/3 vote of all memners of Congress
c. ¾ vote of all members of Congress
d. Unanimous vote of all members of Congress

6. One of the characteristics of our internal revenue laws is that they are:
a. Political in nature
b. Penal in nature
c. Generally prospective in operation although the tax statute may nevertheless operate retrospectively, provided
it is clearly the legislative intent.
d. Criminal in nature.

7. The Commissioner of Internal Revenue can suspend the business operations of a taxpayer in the following cases,
except
a. Failure to issue receipts or invoices,
b. Failure to file a VAT return as required under the Tax Code.
c. Understatement of taxable sales or receipts by 30% or more of these correct taxable sales or receipts for the
taxable quarter.
d. Failure to add VAT to the total invoice price.
8. Which of the following is correct about estate tax?
a. The payment of estate tax is a personal obligation of the heirs.
b. Estate is a taxpayer created by the death of a person.
c. A resident alien decedent's situs of taxation is within the Philippines only just like in income tax.
d. Courts may allow the distribution of the estate to the heirs in the interest of justice and equity before estate
tax is paid.

9. Which is not a taxpayer’s remedy after paying a tax?

a. Claim for Tax credit
b. Claim for Tax refund
c. Motion for reinvestigation
d. Criminal action against corrupt revenue officer

10. Which statement is incorrect?

a. Taxes can be compromised due to financial incapacity of the taxpayer
b. Taxes can be compromised if doubt exists on the amount due
c. Taxes can be abated if they appear to be unjust or excessive
d. Taxes can be abated if doubt exists on the collectible amount

AVERAGE

1. A program initiated by the Department of Finance and Bureau of Internal Revenue to investigate and prosecute
individuals and/or entities engaged in tax evasion and other criminal violations of the NIRC
a. Non-issuance of Official Receipts (NO OR) c. eComplaint System
b. RATE d. Disiplina Program

2. Under this program, business operations of non-compliant taxpayers will be suspended and their establishments will
be temporarily closed if they will be found to have violated certain tax laws
a. Oplan Kandado b. RATE c. DISIPLINA d. eComplaint System

3. Which is not an effect of fraud under the Tax Code?

a. Civil penalty resulting to the imposition of a 25% surcharge.
b. Fraud cases cannot be the subject of a compromise.
c. Power of the BIR to assess and collect the tax is extended to 10 years from the discovery of the fraud
case.
d. Criminal cases resulting to the imposition of penal sanctions of imprisonment and/or fine upon
conviction by judicial courts.

4. Which of the following statements is not correct?

a. Creditable withholding tax may refer to withholding tax on compensation or to withholding of business
tax.
b. The withholding tax on business may refer either to VAT or to Percentage Tax.
c. Withholding tax on compensation may also refer to expanded withholding tax.
d. Creditable withholding tax is the other term for final withholding tax.

5. Which of the following is not exempt from withholding tax on compensation?

a. Retirement benefits received under RA 7641 c. Payment for damages.
b. Remuneration for domestic services. d. Overtime pay
6. Mr. A is wants to avail of the substituted filing of income tax return. Which of the following situations will disqualify
him to avail of such method of filing the return?
a. Receiving purely compensation income regardless of amount.
b. His spouse is disqualified and they are filing their tax return jointly.
c. Working for only one employer for the calendar year.
d. Tax has been withheld correctly by the employer.

7. ACCNTNT Rommel Valdez is a certified public accountant. Which of the situations below will disqualify him to avail of
the substituted filing of tax return?
a. Employed in the government with no other c. Full-time accounting teacher.
source of income.
b. Engaged in public practice. d. Employed as staff auditor of a big audit firm.

8. Corporation ABC is accused by the BIR for a case of tax evasion against a corporation. It may also file a case against
the following, except
a. Corporate internal auditor and/or accountant. c. External auditor of the corporation.
b. Chief Executive Officer of the corporation. d. Preferred stockholders

9. Per RR 18-2013, if after review and evaluation by the Commissioner or his duly authorized representative, it is
determined that there exists sufficient basis to assess the taxpayer for any deficiency tax or taxes, the said Office
shall issue to the taxpayer a
a. Final Assessment Notice (FAN) c. Notice of Informal Conference (NIC)
b. Preliminary Assessment Notice (PAN) d. Jeopardy Assessment

10. One of the following compensation income of an individual taxpayer is NOT an exclusion from gross income:
a. Monetized vacation leave not exceeding 10 days a year;
b. Separation pay of an employee who resigned from his employment;
c. Retirement benefits of an employee who has worked for an employer for at least 10 years, who at the time of
retirement is not less than 50 years of age, and who avails of the retirement for the first time;
d. All of these.

DIFFICULT

1. A stockbroker remitted P11,250 to the BIR representing collection of tax withheld from clients. The peso volume of
his stock transactions from which the tax was withheld is
a. P281,250 c. P3,000,000
b. P2,250,000 d. P3,375,000

2. The accounting period of Corporation A is .fiscal year ending on October 31. For the year 2010, Corporation A filed its
annual tax return on March 15, 2011. The last day for BIR to assess is on:
a. February 16, 2014 c. March 15, 2014
b. March 14, 2014 d. April 16, 2014

3. Mr. X filed his ITR on April 15, 2009. He received an assessment from BIR on June 30, 2011. Which he duly protested
within the period allowed. If the protest above was denied by the BIR Commissioner and he received the said
decision on August 31, 2011, his remedy is:
a. Appeal to the Court of Tax Appeals on or before September 30, 2011.
b. Appeal to the Court of Tax Appeals on or before September 15, 2014.
c. Appeal to the Office of the President on or before September 30, 2011.
 d. Appeal to the Finance Secretary on or before September 30, 2011.

4. Keyrand, Inc., a Philippine corporation, sold through the local stock exchange 10,000 PLDT shares that it bought 2
years ago. Keyrand sold the shares for P2 million and realized a net gain of P200,000.00. How shall it pay tax on the
transaction?
a. It shall declare a P2 million gross income in its income tax return, deducting its cost of acquisition as an expense.
b. It shall report the P200,000.00 in its corporate income tax return adjusted by the holding period.
c. It shall pay 5% tax on the first P100,000.00 of the P200,000.00 and 10% tax on the remaining 100,000.00.
d. It shall pay a tax of one-half of 1% of the P2 million gross sales.

5. Mia, a compensation income earner, filed her income tax return for the taxable year 2007 on March 30, 2008. On
May 20, 2011, Mia received an assessment notice and letter of demand covering the taxable year 2007 but the
postmark on the envelope shows April 10, 2011. Her return is not a false and fraudulent return. Can Mia raise the
defense of prescription?
a. No. The 3 year prescriptive period started to run on April 15, 2008, hence, it has not yet expired on April 10,
2011.
b. Yes. The 3 year prescriptive period started to run on April 15, 2008, hence, it had already expired on April 10,
2011.
c. No. The prescriptive period started to run on March 30, 2008, hence, the 3 year period expired on April 10, 2011.
d. Yes. Since the 3-year prescriptive period started to run on March 30, 2008, it already expired by May 20, 2011.

6. Income tax return for the calendar year 2008 was due for filing on April 15, 2009 but the taxpayer voluntarily
filed his tax return, without notice from the BIR, only on July 15, 2009. The tax due per return amounts to P100,000.
The tax payable by the taxpayer is -

a. 125,000 b. 130,000 c. 155,000 d. 150,000

7. Artemio leased a 216 square meter of idle land to Leizzie College of Business (LCB), a proprietary educational institution, for
a period of twenty (20) years effective January 1, 2011, at a monthly rental of P5,000. The lease contract provides that
Leizzie College of Business (LCB) will erect a building thereon to be used as classroom, which it did on the lot of Artemio.
The agreement provides also that the building shall become the property of the lessor at the end of the lease. The building
was completed on June 30, 2013 at a cost of P1,800,000. The estimated life of the leasehold improvement is thirty (30)
years.
If was further agreed that Leizzie College of Business (LCB) will pay the real estate tax on the land assessed at P3,000
annually. On January 2, 2011, LCB paid Artemio P120,000 consisting of rental covering the two (2) year period from
2011 to 2012.
The rent income to be reported by Artemio in 2011 –
a. 60,000 b. 123,000 c. 120,000 d. 63,000

8. Elizabeth Barbosa Company gave benefits to its employees during the year, as follows:

a. To the eight (8) rank and file employees:

Christmas bonus P 32,000
Loans at 8% interest with a term of one year 96,000
Medical cash allowance to dependents 16,000
Uniform allowance 12,000
b. To the company supervisor:
Christmas bonus 4,000
Fees in a civic club 5,000
Premium on life insurance - employee is the 15,400
beneficiary
Uniform allowance 3,000
The deductible fringe benefit tax expense–
a. P 30,000 b. 9,600 c. 6,528 d. 12,706
9. Sheryl had the following data:

Compensation income, Philippines (gross of w/tax of P10,000) P 120,000

Business income, Philippines 350,000
Business income, Canada $ 200,000
Vacant lot inherited from her mother, Baby P 500,000
Cash dividend from Le Corp., a domestic company 40,000
Share in the net income of a business partnership 50,000
Winnings in lotto, Philippines 1,540,000
Business expenses, Philippines 220,000
Business expenses, Canada $ 150,000
Proceeds of life insurance policy as a result of death of Baby. Her daughter
Sheryl is the appointed beneficiary (premiums paid–P60,000) 250,000
Exchange rate: Canadian $1 = P25

The income tax payable by Sheryl if she is a Filipino citizen, married with one legitimate child, residing in Culacling, Lupi,
Camarines Sur is –
a. 422,200 b. 432,200 c. 411,000 d. 448,800

10. The West Central School submitted the following data for the calendar year ending December 31 of the current year:
Tuition fees P 9,500,000
Miscellaneous fees 1,200,000
Cash dividend from domestic corporations 80,000
Income of bookstore 350,000
Interest on bank deposits 70,000
Income of school canteen 180,000
Salaries, allowances and bonuses 6,400,000
Other operating expenses 2,600,000
Other expenditures for the improvement of school facilities:
Construction of additional classrooms 1,300,000
Furniture and equipment for library 400,000
The depreciable life of the additional facilities is 20 years. The construction of the additional classrooms was finished
April 1, while the furniture and equipment were purchased in June 30.

If the West Central School is a private educational institution recognized by the government and the cost of improvement of
school facilities is capitalized, the income tax due for the calendar year ending December 31 is–

a. 223,000 b. 61,000 c. 217,125 d. 53,000

- end –

EASY
1. Statement 1: The Constitution cannot take away the inherent powers of the State but may only prescribe its
limitations.
Statement 2: No laws are necessary to confer the inherent powers of the State upon any government exercising
sovereignty.
a. Only statement 1 is correct
b. Only statement 2 is correct
c. Both statements are correct
d. Both statements are incorrect

2. Determine the correct classification of the following individual taxpayers (Use “RC” for Resident Citizen and “NRC”
for Nonresident Citizen):
I. Manny, a Filipino businessman, went on a business trip abroad and stayed there most of the time
during the year.
 II. Kyla, a Filipino professional singer, held a series of concerts in various countries around the world
during the current taxable year. She stayed abroad most of the time during the year.
III. Efren, a Filipino “cue” artist who went to Canada during the taxable year to train and participate in the
world cup of pool. He stayed therein most of the time during the year.
A. B. C. D.
I NRC RC RC RC
II NRC NRC RC RC
III NRC NRC NRC RC

3. The deductible expenses from gross income of an estate may consist of:
a. Deductible expenses allowed to an individual taxpayer
b. Income distributed to beneficiaries
c. Both (a) and (b)
d. Neither (a) nor (b)

4. Mike Ong received P100,000 winnings from horseracing. Determine his tax liability.
I. Subject to 10% OPT (tax on winnings) under Section 126 of the Tax Code
II. Subject to basic income tax
III. Subject to 20% final tax on passive income
IV. Subject to 10% OPT (tax on winnings) under Section 126 of the Tax Code and 20% final tax on
passive income
a. I only c. III only
b. II only d. I and III

5. Which of the following is subject to 3% percentage tax under Section 116 of the Tax Code?
I. Fruit dealer whose gross receipts for the year amounted to P1,200,000 only.
II. An individual taxpayer whose gross sales for the year amounted to P100,000.
III. School bus operator whose gross receipts for the year amounted to P1,919,500
a. I and II only c. All of the above
b. I and III only d. None of the above

6. Harry works as financial consultant in an oil firm in Dubai. Aside from his salary thereat, he also maintains a 10-
door apartment in Manila which he inherited from his parents when he was already married. On the other hand,
Wilma, his wife, is employed as a loan officer at a local bank. Data pertaining to their dependents appear below for
the taxable year 2016:
Anton - Son who turned 23 on April 1, 2016; incapable of self-
support due to loss of both legs in an accident;
Bunny - 15 years old adulterous son of Harry living with the couple;
Charlie 12 years old child who died from a vehicular accident on
January 1, 2016; and
Dina 80 years old mother of Wilma, a PWD, supported by and
living with the couple.

The basic and additional personal exemptions of Harry for the taxable year 2016 amounts to:
a. P50,000 and P100,000, respectively
b. P50,000 and P75,000, respectively
c. P50,000 and P0, respectively
d. P0 and P0, respectively

7. Anne, claimed a bad debt of P50,000 as a deductible expense in the taxable year 2015. In 2016, Anne was able to
recover the P50,000 debt already written off in the preceding year. What is the treatment for tax purposes of the
recovery of the bad debt?
a. Report the recovery of the bad debt as gross income in 2015.
b. Report the recovery of the bad debt as gross income in 2016.
c. Disregard the recovery of the bad debt.
d. Amend the 2014 income tax return to rectify the deduction for bad debt claimed.
8. Which of the following statements is true?
a. The final tax on compensation of special aliens is 25% of the gross income.
b. Informer's reward is subject to final tax of 10% based on the 10% of the value of the tax assessment or P
1,000,000 whichever is higher.
c. Prizes exceeding P 10,000 derived by non-resident alien not engaged in trade or business here in the
Philippines is subject to a final tax of 20%.
d. Interest income from a foreign currency depository unit in the Philippines of a non-resident alien is not
subject to final tax.

9. If Congress decides to impose transfer taxes on properties of non-resident aliens located abroad, what will be the
status of such law?
a. Valid
b. Void
c. Voidable
d. Unenforceable

10. The loss from sale or exchange of property is deductible from gross income where the sale or exchange is:
a. Between fiduciary of a trust and the fiduciary of another trust if they have the same grantor
b. Between fiduciary of a trust and the beneficiary of such trust
c. Between an individual and his first cousin
d. Between an individual and a corporation if the former owns more than 50% in value of the outstanding capital
stock of the latter

AVERAGE
11. The Congress, after much public hearing and consultations with various sectors of society, came to the conclusion
that it will be good for the country to have only one system of taxation by centralizing the imposition and collection
of all taxes in the national government. Accordingly, passed law that would abolish the taxing power of all local
government units. Would such a law be valid under the present Constitution?
I. Yes, the law centralizing the imposition and collection of all taxes in the national government would not
contravene the Constitution as long as a new law is enacted for the common good of the people.
II. No because under the present Constitution, each local government unit shall have the power to create
their own sources of revenue and to levy taxes, fees, and charges subject to such guidelines and
limitations as Congress may provide consistent with the basic policy of local autonomy.
III. No. It is clear that Congress can only give the guidelines and limitations on the exercise by the local
governments of the power to tax but what was granted by the fundamental law cannot be withdrawn by
Congress.
a. I only c. I, II and III
b. II and III only d. None of the above

12. A taxpayer disclosed to you the following information:

Date of filing the Income Tax Mar. 28, 2012
Return:
Date assessment was received: June 20, 2014
Request for reinvestigation was July 4, 2014
filed:
Assuming the taxpayer submitted the documents supporting his motion on August 26, 2014. The Bureau of
Internal Revenue should act on the protest not later than
a. September 26, 2014
b. April 15, 2015
c. February 26, 2014
d. February 22, 2015

13. Vincent sold his principal residence for P10,000,000 to his friend. Its FMV when he inherited it from his father was
P12,000,000 although its present FMV is P15,000,000. He used ½ of the proceeds to buy a new principal
 residence within eighteen (18) months after the sale. Assume further that Vincent properly informed the BIR about
the sale within the required period. It shall be:
a. Exempt from capital gains tax
b. Subject to P300,000 capital gains tax
c. Subject to P450,000 capital gains tax
d. Subject to P600,000 capital gains tax

14. The following are the differences between the Power of Taxation and the Power of Eminent Domain, except:
Power of Taxation Eminent Domain
a. Enforced proportionate contribution Property to be taken is for public use
b. Government has no obligation to pay Government is a debtor of the property
taken
c. It operates in a community It operates on an individual
d. Attribute of sovereignty Fundamental power

Use the following data for the next two (2) questions:
Mike, Brian &Leomar, CPA’s, are partners of an accounting firm. During 2016, the financial records of the Firm
disclosed the following:
Service Revenue P4,500,000
Cost of Services 1,500,000
Operating expenses 1,500,000

Mike is also a regular employee of a well known corporation receiving P50,000 salary per month.

15. Assuming the Firm opted to use Optional Standard Deduction in determining net distributable income, how much is
the taxable income of Mike?
a. P1,150,000 b. P570,000 c. P922,000 d. P322,000

16. Assuming the partnership is General Co-Partnership, how much is the taxable income of Mike?
a. P1,150,000 b. P550,000 c. P922,000 d. P322,000

17. Which of the following options is false regarding a minimum wage earner (MWE)?
Compensation income Other Income
a. MWE earning purely Exempt -
compensation income not more
than the statutory minimum wage
b. MWE earning purely
compensation income with Exempt Subject to Basic Tax
additional benefits beyond the limit
of tax exempt benefits
c. MWE earning with passive income Exempt Subject to Final withholding
from sources within the Philippines tax
d. MWE with business income Exempt Subject to Basic Tax

18. Hidilyn Diaz gave the Philippines its lone medal in the recently concluded Olympics in Rio, Brazil. By virtue of the
honor brought to the country, she was given P5,000,000 cash incentive by the Philippine Olympic Committee
(POC) under an existing law. A brand new house and lot worth P2,500,000 was also granted to her by a real
estate dealer in Zamboanga as one of its new endorsers.
Statement 1: The P5,000,000 received from POC is exempt from income tax.
Statement 2: The P2,500,000 received from the real estate dealer is subject to 20% final withholding tax
a. Only statement 1 is correct
b. Only statement 2 is correct
c. Both statements are correct
d. Both statements are incorrect

19. Determine the business taxes of the following:

 I. Lease of residential units with a monthly rental per unit not exceeding P12,800 (regardless aggregate
annual gross rentals).
II. Lease of residential units with a monthly rental per unit exceeding P12,800 but the aggregate of such
rentals of during the year do not exceed P1,919,500.
III. Lease of commercial units regardless of monthly rental per unit.
A B C D
I Non Non Non Vat
e e e
II OPT OPT OPT Vat
III Vat OPT Vat Vat

20. If a VAT registered person sells to government and the actual input VAT is lower than the standard input tax, what
will be the effect to the taxable income?
a. It will reduce the taxable income
b. It will increase the taxable income
c. It will not affect the taxable income
d. It may either increase or decrease the taxable income

DIFFICULT
Use the following data for the next two (2) questions
Hajib, a Russian national who is an employee in the regional area headquarter of a multinational corporation,
occupying managerial position, had the following data for taxable year 2015:
Salaries received P600,000
Allowances and honoraria 50,000
Other emoluments 100,000
Monetary value of fringe benefits subject to fringe 170,000
benefit tax
De minimis benefits (within the ceiling) 50,000
Dividend income from a domestic corporation 40,000
Interest income from peso bank deposit 50,000
Interest income from foreign currency deposit under 20,000
FCDS
PCSO winnings (gross) 1,000,000
Raffle draw winnings 80,000
Gain from sale of shares of a domestic corporation
sold directly to a buyer 150,000
Gain from sale of a vacant lot in Quezon City held as 500,000
investment
(SP=P2,500,000; Cost=P2,000,000; Zonal
Value=P2,500,000)

21. The total income tax expense of Hajib in the Philippines is:
a. P535,000 c. P570,000
b. P565,000 d. P315,000

22. Assuming the taxpayer is a Special Filipino Employee, his total combined taxes on all income from the Philippines
is:
a. P380,500 c. P595,000
b. P304,000 d. P410,500

23. An offshore banking unit, already in its 8th year in the Philippines, has the following data in its income and expenses
for the year 2015:
 Foreign currency transactions
with:
Non-residents 1,800,000
Local banks 1,200,000
Branches of foreign banks 1,000,000
Another OBU 500,000
Other residents (Interest Income) 800,000

Other income:
Rent income 1,000,000
Miscellaneous income 500,000

Total Operating Expenses 2,380,000

How much is the total income tax for the year?

a. P80,000 c. P372,500
b. P292,500 d. P0

24. Mr. Mapagbigay had the following data during the year:
Gross income from business P1,000,000
Compensation income 40,000
Long-term Capital gain 50,000
Short-term Capital loss 20,000
Operating expenses 400,000
Donation to an accredited 30,000
NGO
Donation to church 40,000

How much is the taxable income?

a. P505,000 c. P535,000
b. P525,000 d. P555,000

25. Based on the above problem, but the taxpayer is a corporation, how much is the taxable income?
a. P570,000 c. P560,000
b. P545,000 d. P600,000

26. Joseph provided the following data on sale of his personal property sold in 2013 held by him for 15 months:
Cost P225,000
Mortgage assumed by the 270,000
buyer
Installment Collection
Schedule:
- 2013 67,500
- 2014 67,500
- 2015 45,000

How much is the income subject to income tax in 2013, 2014, and 2015?
a. P56,250, P33,750 and P22,500, respectively
b. P112,500, P67,500 and P45,000, respectively
c. P225,000, P0 and P0, respectively
d. None of the choices

27. A resident alien had the following data in 2014:

Gross income, Philippines P2,000,000
Business expenses 1,200,000
 Dividends received:
From domestic corporation (net)
60% of its income came from the Philippines 90,000
40% of its income came from the Philippines 72,000
From resident foreign corporation (gross)
60% of its income came from the Philippines 50,000
40% of its income came from the Philippines 40,000

The taxpayer’s taxable income is

a. P750,000 c. P796,000
b. P780,000 d. P800,000

28. Floyd, not a dealer in securities, had the following transactions on ordinary shares of JJ Co. (a domestic
corporation) for 2015 taxable year:
Jan. 12 Purchase 100 shares P100,000
June 20 Sold the shares purchased on 80,000
Jan. 12
June 30 Purchased 70 shares 50,000
Oct. 15 Sold the shares purchase on 75,000
June 30

How much was the capital gain on sale of shares on October 15?
a. P25,000 c. P5,500
b. P11,000 d. P0

Use the following data for the next two (2) questions:
The estate of Pedro (died on November 1, 2014), resident citizen decedent, married, are as follows:
House and lot (Family Home) P1,200,000
The lot was acquired at a cost of P200,000 before marriage
while the house was constructed on October 1, 2014, during
marriage, at a cost of P700,000 from partnership funds. The lot
had a fair market value of P500,000 after construction of the
house.
Car acquired during marriage 700,000
Jewelry inherited on September 30, 2013, during marriage, then 100,000
with a fair market value of P80,000
Bank deposit in ABN Amro-Washington D.C. branch in the U.S., 1,200,000
received as gift from a friend on February 14, 2013, during marriage
Interest on the bank deposit above up to time of death 250,000
Expenses:
Funeral expenses 120,000
Judicial expenses 80,000
Medical expenses within 1 year prior to death, only half was 400,000
receipted

29. How much is the net taxable estate under Conjugal Partnership of Gains?
a. P444,855 c. P414,710
b. P519,855 d. P264,710

30. How much is the net taxable estate under Absolute Community of Property?
a. P444,855 c. P414,710
b. P519,855 d. P264,710

***End***