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Donor S Tax Quiz
Donor S Tax Quiz
Justin
How much the donors tax due on September 10, 2015 donation?
a.
780
b. 1,700
c. 1,380
d. Exempt
For 2 4: Jenny donated the following properties:
Land in New Jersey, USA
Land and Building in Tawi-tawi
Car registered in the State of New Jersey, USA
Jewelleries in the Philippines
Shares of stock in a corporation based in USA
Accounts receivable, debtor is in the Philippines
250,000
175,000
225,000
45,000
60,000
25,000
Donees
Elijah
200,000
Kyle
Andrew Gil
If the donors tax due and payable by Mr Tan is 10,500, the amount of the donation given by
the spouses to Andrew Gil is?
a. 250,000
b. 490,000
c. 500,000
d. Cannot be determined
6. When Dennis Son, Elijah, was married to his childhood sweetheart, Erica, Dennis gave as
wedding gift a residential house worth 1,500,000 to his son, and a brand new car to Erica
with a value of 700,000. At the time of the donation, the residential house was mortgaged
with BPI for 200,000 which was assumed by Elijah. How much the donors tax due and
payable to be paid by Dennis on the above donations?
a. 93,200
b. 92,600
c. 109,200
d. 277,200
For 7 8: Kyle Andrew, single, donated the following properties on September 21, 2015:
Value
Property
Donee
100,000
Cash
Elijah, brother, on account of
marriage
200,000
Jewelleries
Hazel, girlfriend residing in
Puckhet, Thailand
1,500,000
House and lot
Parents,
silver
wedding
anniversary gift
20,000
Cash
ACPAPP
75,000
Lot
Barangay Pasong Buaya 2,
for use as site of Barangay
Hall
300,000
Car
Gil, brother, donation is
revocable
50,000
Cash
BFAR
100,000
Cash
Rosauro, father of the father
of his mother
70,000
Motorcycle
Ysa,
niece,
donation
is
embodied in the will
7. The donors tax due and payable on the donation to strangers is
a. 103,500
b. 724,500
c. 157,200
d. 66,000
8. The donors tax due on the September 21, 2015 donation is?
a. 66,000
b. 100,000
c. 166,000
d. 157,200
For 9-12: Spouses Tan gave the following donations:
4/16/2014
11/02/2014
1/15/2015
February 20
August 5
April 4
May 4
June 4