. Ms. ABC, a resident American, had the following income: Prize, Philippines Interest income, bank deposit,...

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. Ms. ABC, a resident American, had the following income: Prize, Philippines Interest income, bank deposit, Philippines Capital gain from sale of a condominium unit (Cost P4,500,000; FMV, time of sale, P6 million; and selling price of P5 million) Interest income from depository bank under the Expanded Foreign Currency Deposit System (EFCDS) Net capital gains from sale of shares of stock not traded in the P500,000 300,000 local stock exchange (selling price P500,000) How much is the total income tax? Your answer 500,000 200,000 A 180,000 Miss JenGanda provided information to the government, which led the capture and seizure of smuggled goods with FMV of P 20, 000, 000. If the government destroyed the goods seized because these are regarded as harmful to health, how much cash reward would Ms. JenGanda receive? Your answer Mr. Omagana, a resident Japanese, owned 2,000 common shares of San Miguel Corporation with book value of P1,000,000. He sold half to Mr. Hapona, a direct buyer, for P1,000,000. The other half through the Philippine Stock Exchange for P950,000, inclusive of the broker's fee of P50,000. How much is the final income tax? Your answer A resident citizen of the Philippines Interest on Philippine peso savings deposit in Allied Bank Interest on Philippine peso time deposit with maturity of five years Interest on US dollar deposit PCI-Equitable bank under FCDS Royalty from book copyrighted in the Philippines Your answer had the following income items: P10,000 This is a required question 30,000 5,000 Dividend from a domestic 20,000 corporation The final income tax withheld at source is: 15,000 Kiko reports the following earnings during the year: Professional fee, net of the 10 % withholding tax P 450, 000 Salary, net of P 60, 000 withholding tax on wages Capital gains from sale of Domestic stock directly to the buyer net of capital gains tax Winnings, net of passive income tax Prizes How much is the amount of gross income subject to Capital Gains Tax? Your answer 300,000 149,000 40,000 8,000 Kiko reports the following earnings during the year: Professional fee, net of the 10 % withholding tax Salary, net of P 60, 000 withholding tax on wages Capital gains from sale of Domestic stock directly to the buyer net of capital gains tax Winnings, net of passive income tax Prizes How much is the amount of gross income subject to final tax? Your answer P 450, 000 300,000 149,000 40,000 8,000 Mr. Raymond, a resident citizen of the Philippines, had shares of stock of a domestic corporation held as investment that he acquired for a purchase price of P250,000, not including acquisition expenses of P7500. The shares were not listed and traded in the local stock exchange. He sold the shares directly to the buyer for a selling price of P500,000 when the FMV was P450,000. He incurred selling expenses of P13,500. How much is the capital gains tax? Your answer . Ms. ABC, a resident American, had the following income: Prize, Philippines Interest income, bank deposit, Philippines Capital gain from sale of a condominium unit (Cost P4,500,000; FMV, time of sale, P6 million; and selling price of P5 million) Interest income from depository bank under the Expanded Foreign Currency Deposit System (EFCDS) Net capital gains from sale of shares of stock not traded in the P500,000 300,000 local stock exchange (selling price P500,000) How much is the total income tax? Your answer 500,000 200,000 A 180,000 Miss JenGanda provided information to the government, which led the capture and seizure of smuggled goods with FMV of P 20, 000, 000. If the government destroyed the goods seized because these are regarded as harmful to health, how much cash reward would Ms. JenGanda receive? Your answer Mr. Omagana, a resident Japanese, owned 2,000 common shares of San Miguel Corporation with book value of P1,000,000. He sold half to Mr. Hapona, a direct buyer, for P1,000,000. The other half through the Philippine Stock Exchange for P950,000, inclusive of the broker's fee of P50,000. How much is the final income tax? Your answer A resident citizen of the Philippines Interest on Philippine peso savings deposit in Allied Bank Interest on Philippine peso time deposit with maturity of five years Interest on US dollar deposit PCI-Equitable bank under FCDS Royalty from book copyrighted in the Philippines Your answer had the following income items: P10,000 This is a required question 30,000 5,000 Dividend from a domestic 20,000 corporation The final income tax withheld at source is: 15,000 Kiko reports the following earnings during the year: Professional fee, net of the 10 % withholding tax P 450, 000 Salary, net of P 60, 000 withholding tax on wages Capital gains from sale of Domestic stock directly to the buyer net of capital gains tax Winnings, net of passive income tax Prizes How much is the amount of gross income subject to Capital Gains Tax? Your answer 300,000 149,000 40,000 8,000 Kiko reports the following earnings during the year: Professional fee, net of the 10 % withholding tax Salary, net of P 60, 000 withholding tax on wages Capital gains from sale of Domestic stock directly to the buyer net of capital gains tax Winnings, net of passive income tax Prizes How much is the amount of gross income subject to final tax? Your answer P 450, 000 300,000 149,000 40,000 8,000 Mr. Raymond, a resident citizen of the Philippines, had shares of stock of a domestic corporation held as investment that he acquired for a purchase price of P250,000, not including acquisition expenses of P7500. The shares were not listed and traded in the local stock exchange. He sold the shares directly to the buyer for a selling price of P500,000 when the FMV was P450,000. He incurred selling expenses of P13,500. How much is the capital gains tax? Your answer