Professional Documents
Culture Documents
Group Name:
1. Estate Tax
2. Estate
3. Will
4. Decedent
5. Heir
1. A kind of succession which results from the designation of an heir, made in a will
executed in the form prescribed by law.
A. Testamentary B. Legal or Intestate C. Mixed D. Legitime
3. A person appointed by the court, in accordance with the governing statue, to administer
and settle intestate estate and such testate estate as no competent executor designed by the
testator.
A. Legatee B. Devisee C. Administrator D. Mixer
4. While the decedent may dispose of his properties in a last will and testament, he must,
however, reserve some for certain persons who are called by law as .
A. Forced heir B. Compulsory heir C. Compulsory and forced heir D. None
Part III: Use the terms provided inside the box to do the format of computation for single
decedent
*Write your answer here….
Format of Computation
Gross Estate
1. Single Decedent
Special Deductions
Gross Taxable Estate
Net Taxable Estate
Estate Tax Due
Estate Tax Payable
Tax Credit
Share of Surviving Spouse
Ordinary Deductions