2. The following data summarize the dealings in capital assets of an individualtaxpayer.000,001 45000,00$ 9.6(000.0084) er theNet income20200 bp 2021P 90,000 P120,00010 Short term capital gainsberi-S35,000 b 0 60,000Long term capital gains 0,000,29 40,000 ist 25,000Short term capital loss01691,01h0say sond)000,000 60,000 250,000 tol on 000,00orLong term capital loss80,00020,000 Compute the net capital gain (loss) in 2021, 103 VISOS I vlui noa. (P 32,500) Os 21os 21 viounsc. P 12,5009152d. P0101 antipas vd notorowvib slandeSe berclosb 430zonada 000.01 hloe naderoque peveb. P 25,0003 What is the 2021 net capital gain if the taxpayer is a corporation?(P 32,500)0i sluge с. P 12,500 d of pig istiqo ten si sugmoa.d. P 15,000b. P 25,000000 08000,29

The following data describe an individual taxpayer's dealings in capital assets, as mentioned in the…

2. The following data summarize the dealings in capital assets of an individual taxpayer. 000,00145 Net income 000,00$ 9.6 dual 20200 dbsp2021 (000.0084) er t opere P 90,000 P 90,000 P120,000 60,000036916. so 19 Short term capital gainsber-S35,000 b 0 Long term capital gains 0,000,29 40,000 st 25,000 or Short term capital loss 000,000 60,00050,000 tol on 000,0029 Long term capital loss 80,000 20,000

2. The following data summarize the dealings in capital assets of an individual taxpayer. 000,00145 Net income 000,00$ 9.6 dual 20200 dbsp2021 (000.0084) er t opere P 90,000 P 90,000 P120,000 60,000036916. so 19 Short term capital gainsber-S35,000 b 0 Long term capital gains 0,000,29 40,000 st 25,000 or Short term capital loss 000,000 60,00050,000 tol on 000,0029 Long term capital loss 80,000 20,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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