Peter owns 1,000 shares with a cost of P200 per share of Jollibee FoodsCorporation (JFC). JFC shares are traded in the Philippine Stock Exchangeand the shares of Peter were sold for P300 per share. How much is the*percentage tax?O PO. The sale is subject to capital gains taxO P600O P1,500O P1,800

Percentage Tax on Sale of Shares = 6/10 of 1% of Gross Selling Price

Answered: Peter owns 1,000 shares with a cost of…

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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Peter owns 1,000 shares with a cost of P200 per share of Jollibee Foods Corporation (JFC). JFC shares are traded in the Philippine Stock Exchange and the shares of Peter were sold for P300 per share. How much is the percentage tax? *