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How much is the allowable deduction

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Question - The following donations were made by Marisol, fil citizen, during the taxable year:

Donation to an accredited charitable institution (20% to be used in admin expenses) 750,000

Donation to TESDA- priority project 1,000,000

Revocable donation of car to his daughter 900,000

Donation to government for public use 220,000

Inadequate consideration of real property sold to his friend (FMV 1,000,000) 830,000

Donation to his wife (mortgage of 100,000 assumed by wife) 300,000

Donation to his unborn grandchild 200,000

Required -

1. How much is the Gross Gift?

2. How much is the allowable deduction?

3. How much is the donor's tax due?

Reference no: EM133126108

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