A resident citizen taxpayer sold share of stock of a domestic corporation though the local stock exchange at its fair market value amounting to P550,000. Cost of the shares sold is P300,000. Compute for the capital gains tax. Group of answer choices 0 P15,000 P33,000 P18,000   Flag question: Question 6 Question : A resident citizen taxpayer sold share of stock of a domestic corporation directly to the buyer at its fair market value amounting to P600,000. Cost of the shares sold is P650,000. Compute for the capital gains tax. Group of answer choices 0 P7,500 P39,000 P97,500

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter13: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 55P
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1.

A resident citizen taxpayer sold share of stock of a domestic corporation though the local stock exchange at its fair market value amounting to P550,000. Cost of the shares sold is P300,000.

Compute for the capital gains tax.

Group of answer choices

0

P15,000

P33,000

P18,000

 

Flag question: Question 6

Question :

A resident citizen taxpayer sold share of stock of a domestic corporation directly to the buyer at its fair market value amounting to P600,000. Cost of the shares sold is P650,000.

Compute for the capital gains tax.

Group of answer choices

0

P7,500

P39,000

P97,500

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