X, resident citizen, had the following information for the year 2022: Gain from sale of office equipment, P20,000 Gain from sale of land not used in business (selling price of P300,000), P100,000 Gain from sale of shares of stock directly to the buyer, P50,000 Gain from sale of shares of stock through the stock exchange (selling price, P200,000), P10,000 Bad debt recovery, P50,000 How much is the total capital gains tax?
X, resident citizen, had the following information for the year 2022: Gain from sale of office equipment, P20,000 Gain from sale of land not used in business (selling price of P300,000), P100,000 Gain from sale of shares of stock directly to the buyer, P50,000 Gain from sale of shares of stock through the stock exchange (selling price, P200,000), P10,000 Bad debt recovery, P50,000 How much is the total capital gains tax?
Chapter20: Corporations And Parterships
Section: Chapter Questions
Problem 30CE
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Question
X, resident citizen, had the following information for the year 2022:
Gain from sale of office equipment, P20,000
Gain from sale of land not used in business (selling price of P300,000), P100,000
Gain from sale of shares of stock directly to the buyer, P50,000
Gain from sale of shares of stock through the stock exchange (selling price, P200,000), P10,000
How much is the total
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT