P5.17. (Capital Gains Tax) A domestic corporation provided the following data for 2021: Gross profit from sales Dividend from domestic corporation Capital gain on land in the Philippines held for two...

P5.17. (Capital Gains Tax)<br>A domestic corporation provided the following data for 2021:<br>Gross profit from sales<br>Dividend from domestic corporation<br>Capital gain on land in the Philippines held for two<br>months (Sold at P1.5M)<br>Capital gain on share of closely held domestic<br>corporation held for 2 months<br>Business expenses<br>Capital loss on sale of bonds of domestic corporation<br>held for 6 months<br>P6,000,000<br>50,000<br>500,000<br>180,000<br>3,400,000<br>60,000<br>Required: Determine the total capital gains tax<br>

Extracted text: P5.17. (Capital Gains Tax) A domestic corporation provided the following data for 2021: Gross profit from sales Dividend from domestic corporation Capital gain on land in the Philippines held for two months (Sold at P1.5M) Capital gain on share of closely held domestic corporation held for 2 months Business expenses Capital loss on sale of bonds of domestic corporation held for 6 months P6,000,000 50,000 500,000 180,000 3,400,000 60,000 Required: Determine the total capital gains tax

Jun 11, 2022

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P5.17. (Capital Gains Tax) A domestic corporation provided the following data for 2021: Gross profit from sales Dividend from domestic corporation Capital gain on land in the Philippines held for two...

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