Next three (3) questions are based on the following data: Rody, a resident citizen made the following donations

Subject:AccountingPrice:5.87 Bought7

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Next three (3) questions are based on the following data:

Rody, a resident citizen made the following donations.

To Mar, a land worth P450,000 in Manila

To Leni, Jewelry worth P100,000 in Japan

To Miriam, PLDT shares amounting to P150,000

To Jojo, a building in Italy P1,600,000 mortgaged for P50,000 assumed by the donee.

To Allan, land in Davao worth P300,000

To A. Trillanes, P300,000 cash, PNB New York

 

Selling Price FMV Car, Makati P200,000 P300,000 Car, Malaysia 300,000 200,000 Rest House,     Tagaytay 1,000,000 2,000,000 Rest House,     Malaysia 1,500,000 2,500,000

P200,000 receivable to Joy, 50% condoned by Rody Rody also transferred the following properties:

1. How much is the gross gift?

a. P5,200,000  c. P4,100,000

b. P4,200,000  d. P3,200,000

2. If she is a non-resident Alien, her gross gift is:

 a. P3,200,000  c. P1,100,000

b. P1,200,000  d. P850,000

3. If she is a non-resident alien, and there is reciprocity law, her gross gift is:

a. P850,000      c. P1,050,000

b. P950,000      d. P700,000