Ana invested P100,000 in domestic stocks. She sold them at a later date for P150,000 through the Philippine Stock Exchange. Ana is not a dealer of securities. Compute the business tax. A. zero B. P1,500 C. P900
Ana invested P100,000 in domestic stocks. She sold them at a later date for P150,000 through the Philippine Stock Exchange. Ana is not a dealer of securities. Compute the business tax. A. zero B. P1,500 C. P900
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 10DQ
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Question
Ana invested P100,000 in domestic stocks. She sold them at a later date for P150,000 through the Philippine Stock Exchange. Ana is not a dealer of securities. Compute the business tax.
A. zero
B. P1,500
C. P900
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