P8-12 A None is subject to donor's tax since his

renunciation is general.

P8-20 D First Donation

Donor's Tax 13,600.00
For the first 200000 -2,000.00
Remaining 11,600.00
Tax Rate 0.04
Total 290,000.00
Excess 200,000.00
Net Taxable Gift 490,000.00
Dowry Exemption 10,000.00
Gross Gift 500,000.00

Second Donation
Donor's tax on aggregate gifts 38,000.00
Donor's Tax previous net gifts -13,600.00
Donor's Tax due, current gift 24,400.00

Donor's Tax 38,000.00

For the first 500000 -14,000.00
Remaining 24,000.00
Tax Rate 0.06
Total 400,000.00
Excess 500,000.00
Aggregate Net Gift 900,000.00
Previous Net Gift during the year -490,000.00
Net Taxable Gift 410,000.00
Dowry Exemption 10,000.00
Gross Gift 420,000.00
 P8-29
Case 1
For the first 500000
13,600.00 For the remaining 400000
-2,000.00 Donor's Tax Due
11,600.00
0.04 Case 2
290,000.00 Donor's Tax Due
200,000.00 Surcharge-late payment
490,000.00 Interest-2 months
10,000.00 Total Amount Due, June 30
500,000.00
Case 3
Deficiency Donor's Tax per BIR
38,000.00 Surcharge-willful neglect
-13,600.00 Deficiency Interest- 4 months
24,400.00 Total amount due per assessment

38,000.00 Case 4
-14,000.00 Deficiency Donor's Tax per BIR
24,000.00 Surcharge-willfull neglect
0.06 Deficiency Interest- 7 months
400,000.00 Total amount due per deliquency interest
500,000.00 Deliquency Interest-Sept to November
900,000.00 Total amount due per assessment, Nov. 30
-490,000.00
410,000.00
10,000.00
420,000.00
14,000.00
24,000.00
38,000.00

38,000.00
9,500.00 (38000*25%)
1,267.00 (38000*20%*2/12)
48,767.00

20,000.00 (38000-18000)
10,000.00 (20000*50%)
1,333.00 (20000*20%*4/12)
31,333.00

20,000.00
10,000.00
2,333.00 (20000*20%*7/12)
32,333.00
1,567.00 (31333*20%*3/12)
33,900.00