Homework Answers
Answer -
Step - (1) - Information Given -
Mr. Dionisio sold domestic stocks directly to a buyer at a mark-up on cost of P 200000.
He paid P 5000 broker's commission and P 8000 documentary stamp tax on the sale.
.
Step - (2) - Computation of Capital Gains Tax -
Net gain on the sale of stocks of a domestic corporation directly to the buyer is taxed as capital gains at a tax rate of 15%.
In the given case,
Capital Gains Tax = [(P 200000 - P 5000 - P 8000) * 15%] = P 28050.
Hence, Option - (a) is Correct.
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1. Mr. Dionisio sold domestic stocks directly to a buyer at a mark-up on cost of...
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1. Mr. Dionisio sold domestic stocks directly to a buyer at a mark-up on cost P200,000. He paid P5,000 broker's commission and P8,000 documentary stami tax on the sale. Compute the capital gains tax. a. P28,050 c. P 14,200 b. P 14,500 d. P 13,700 2. Mr. Abdul, a non-resident alien, sold domestic stocks directly to a buyer at a net gain of P 70,000. Compute the capital gains tax. a. P10,500 c. P 4,000 b. P6,000 d. P 3,500...
Super stuck on a couple of questions on this scenario.
Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax retum, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNS) or Employer identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Mark and Barbara are married and want to file...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
23. What is the total net amount of capital gain reported on
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Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax return, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice....
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