1. Which of the following is NOT included in the gross estate of the husband?

a. All of these
b. Capital properties
c. Paraphernal properties
d. Common properties
2. If inventory-taking of properties is conducted after the death of the decedent, which is
deducted from the inventory list?
a. Expenses paid after death
b. Income accruing before death
c. Income accruing after death
d. Expenses paid before death
3. Which of the following is NOT deducted from the inventory list of properties in arriving at
the gross estate?
a. Properties held under a general power of appointment
b. Properties held as a trustee
c. Properties held as a fiduciary heir
d. Properties held under a special power of appointment
4. Which of the following is NOT included in the gross estate?
a. Revocable transfers
b. Transfers in contemplation of death
c. Transfer under special power of appointment
d. All of these?
5. Which of the following is covered by the reciprocity exemption?
a. Intangible personal property in the Philippines
b. Intangible personal property abroad
c. Tangible personal property abroad
d. Tangible personal property in the Philippines
6. As a rule, the gross estate of non-resident alien decedents includes which of the
following?
a. Intangible personal properties located in the Philippines
b. Real properties located abroad
c. Tangible personal properties located abroad
d. Intangible personal properties located abroad

This study source was downloaded by 100000805904824 from CourseHero.com on 07-02-2022 05:08:41 GMT -05:00

https://www.coursehero.com/file/92205234/02-BTpdf/
 7. Which of the following may be excluded from gross estate by reason of reciprocity?
a. Car
b. Land
c. Cash
d. Paintings
8. Which of the following is CORRECT?
a. The trustor need not included a property transferred in a revocable trust in his
gross estate
b. The proceeds of life insurance taken by the decedent for himself/herself is
always included in gross estate if the beneficiary is the estate, executor or
administrator
c. The transfer from the first heir to the second heir in accordance with the wishes
of a predecessor is a taxable transfer subject to estate tax
d. The merger of the usufruct in the owner of the naked title is a transmission
subject to estate taxp
9. Which of the following has a reciprocity exemption?
a. Non-resident citizen
b. Resident alien
c. Non-resident alien
d. All of these
10. Which of the following is subject to estate tax?
a. Properties which were initially transferred in revocable trusts but were revoked by
the decedent before his/her death
b. Properties transferred under revocable trust which the decedent failed to revoke
at the time of his/her death
c. Properties transferred under conditional donations wherein the 2one has not yet
fulfilled the terms of donation at the date of death of the decedent
d. All the choices

This study source was downloaded by 100000805904824 from CourseHero.com on 07-02-2022 05:08:41 GMT -05:00

https://www.coursehero.com/file/92205234/02-BTpdf/
Powered by TCPDF (www.tcpdf.org)