Nah T. Gok died leaving an estate.

The estate is under

administration. In 2019, the properties in the estate
earned a gross income of P 500,000, and the estate
incurred expenses of P 100,000. One of the heirs
received P90,000 from the 2019 income of the estate.
• The taxable income of the estate is –
• The tax due of the estate -
The income of irrevocable trust during the year
amounted to P 2,000,000. P 1,000,000 of the trust
income was distributed to the beneficiary during the
taxable year.
• The taxable income of the trust
• The tax due of the trust
A and V are partners in a general professional
partnership. Both agreed to divide profit and losses at
60:40 respectively. A is married with 2 minor children. V
is legally separated with dependent mother. In 2020,
gross income in the partnership is P1,000,000 while
itemized deduction is P400,000. If A elects itemized
deductions, how much is his tax due?
JT is a general professional partnership. Its partners J and T share
equally in the net income or loss of the partnership. For 2015, the
partnership had the following data:
Gross revenue from the practice of profession P 1,200,000
Direct costs 400,000
Other cost and expenses 100,000

• How much is the share of either partner in the distributive net

income of the partnership?
• How much is the tax due of partner J?
D and B formed a trading partnership as partners
sharing profit and loss equally. During the sixth taxable
year, business expenses incurred amounted to P
100,000; cost of sales of P 200,000. The operating
income before tax of the partnership amounted to P
400,000 – (use CREATE LAW)

• How much is the distributable share of B, net of final

tax?