This another problem focuses more on how to compute for tax credit allowed to be deducted in the estate tax payable. Now, if the Last Airbender named Aang had died, what will you do to settle his estate? Solve this problem:
The Avatar, Aang, had left his properties upon his death. Data on his estate are as follows:
|Country||Net Estate||Estate Tax Paid|
Required: Compute for the following:
- Philippine Estate Tax
- Tax Credit
- Estate tax still due
Featured Image Credit: Picture of Aang from Wikipedia.