An individual taxpayer holds shares of stock as an investment. During the current year, he sold the

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An individual taxpayer holds shares of stock as an investment. During the current year, he sold the shares he bought for P100,000 for P180,000 directly to a buyer. How much is the capital gains tax on the sale if any?

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Oct 31, 2020 06:02 AM

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An individual taxpayer holds shares of stock as an investment. During the current year, he sold the

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Accounting

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