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? *

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Q: If Papa and Bambina file separate income tax returns, what deferred income tax is created?

A: Answer:   $8,000

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A:

Q: How much is the tax of Mr. RACH for the said transactions?   15,000 22,500 7,500 exempt

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Q: How much final tax was withheld from her dividend income?

A: Correct Answer = Option A = P0 Explanation As per the law dividend received from the domestic…

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Q: My question is would Horace's tax liability on the $5000 gain on the sale of stock as ordinary…

A: Capital Gain Taxes According to Internal Revenue Service (IRS) there are two types of Capital gain…

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Q: Alex is an Australian resident for tax purposes. She currently works as a financial advisor in…

A: Calculation of Alex's assessable income are as follows.

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A: Holding Share: A holding company is a kind of corporation that is formed by people for the purpose…

Q: Ms. Xie, who is in the 37 percent tax bracket, is the sole shareholder and president of Xenon. The…

A: The question you have posted contains two sub-parts. Both sub-parts are solved below:

Q: Logan, a 50-percent shareholder in Military Gear Incorporated (MG), is comparing the tax…

A: In order to compute more tax that Logan will pay currently if MG is a C corporation compared it were…

Q: Jhumel received cash dividends from her investment in the stocks of Jollibee foods Corporation…

A: Correct Answer = Option A = P0 Explanation As per the law dividend received from the domestic…

Q: Melanie owns 25% of the stock of the Gimli Corporation. The tax rate on dividend income is 26%. If…

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Q: From the given data below, how much is the final tax on the dividend earned by Cruz? ZAX…

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Q: Samantha lives under an imputation tax system. Her income tax rate is 30%, which applies to all of…

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Q: Mr. Neis, a resident alien, owns 40% of the shares of Coco Corporation, a resident corporation. Coco…

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Q: Frank and Fiory are owners of F Corp. Frank owns 800 shares with a basis of $8,000 and Fiory owns…

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Q: Roxi owns 500 shares of common stock in the Big Wheeler Corporation. She is pleased to learn that…

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Q: Wineseller Corporation is owned by Mortimer Smith, its sole shareholder.  Mortimer has a $20,000…

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Q: Nicanor, resident citizen, sold his shares of stock from ABC Corporation, a foreign corporation…

A: a. Only S1 is true

Q: Sri owns shares in a Canadian Corporation that paid him $1493 in dividends in 2020. In addition, he…

A: In this question, we will calculate that  how much tax does Sri paid.

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Q: Crocker and Company (CC) is a C corporation. For the year, CC reported taxable income of $563,000.…

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Q: Mr. Siegfried, a resident citizen, received P100,000 dividend income from Vodka, Inc., a domestic…

A: Dividend income is kind of revenue or reward which is received by a shareholder or an individual…

Q: antha lives under an imputation tax system. Her income tax rate is 35%, which applies to all of her…

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Q: Larry, the sole shareholder of Brown Corporation, sold his Brown stock to Ed on July 30 for…

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Q: Nicanor, a Non-Resident Alien residing in Canada, bought 20,000 (@par value of Php 100) shares of…

A: Cost of securities = 20000 shares x 100 = P2000000 Sales price = P 4000000

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Q: Barb owns all 100 shares of Branch Corporation stock having a $0.55 million FMV. Her basis in the…

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Q: Jacob Corcoran bought 10,000 shares of Grebe Corporation stock two years ago for $24,000. Last year,…

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Q: Roy invested P1,000,000 in the "tax-free" corporate bonds of RBC Corporation The bond pays 8.75%…

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Q: Calculate the applicable percentage tax.

A: Answer: Purchase price of shares = 5000 @P20 per share = P100,000 Sales price of shares = P 120,000…

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Q: What is the taxable income of Mr. Pamplona subject to regular income tax?

A: Tax is the amount which the taxpayer has to pay on the taxable income and which is determined as per…

Q: . Gomez maintains a law firm and registered as VAT taxpayer. For a particular client, the amount of…

A: Comment- Multiple Questions Asked. Question-1 Income Tax- Income Tax refers to the charge which is…

Q: Mr. Omagana, a resident Japanese, owned 2,000 common shares of San Miguel Corporation with book…

A:

Q: Lily is the sole shareholder of Crimson Corporation (a C corporation). At a time when Crimson has a…

A: A non-liquidating distribution made by a business organization is: A dividend to the extent of…

Q: Rainbow Corporation, an S corporation, uses the calendar year as its tax year. Bentley, Abby, and…

A: S corporation refers to a type of corporation set-up where the income of the corporation is not…