4~6. Pierre - Marie de Lavallee dies leaving the following facts and instructions:
a. A home worth 54000 guilders
b. A parcel of land worth 26,000 guilders
c. Receivables from a foreing business worth 11,400 Yuan (Right now, one Yuan can be exchanged for 3.45 guilders)
d.He owes the bank right now 31,000 guilders
e. The tax rate on an inheritance is 15%
f. Mr. Lavallee asks that his heirs receive all his estate after paying all taxes due. (He is honest!!)
5. Draw up the net worth statement of Mr. Lavallee
6. How much his heirs will inherit?
a. A home worth 54000 guilders
b. A parcel of land worth 26,000 guilders
c. Receivables from a foreing business worth 11,400 Yuan (Right now, one Yuan can be exchanged for 3.45 guilders)
d.He owes the bank right now 31,000 guilders
e. The tax rate on an inheritance is 15%
f. Mr. Lavallee asks that his heirs receive all his estate after paying all taxes due. (He is honest!!)
5. Draw up the net worth statement of Mr. Lavallee
6. How much his heirs will inherit?