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
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
Chapter13: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 55P
Related questions
Question
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
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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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT