Question: Hi I need help on what is the answer for this taxation activity. Below is the problem and other concerns will be in the comments
Hi I need help on what is the answer for this taxation activity. Below is the problem and other concerns will be in the comments section. I hope that you can help me and surely I will give you full positive feedbacks
Activity 1


E @J 9 *3 nd\" 31% E 3:01 pm 6 LEARNING MODULE INCOME T I\": 3 o l e 0 Determine the Stock Transaction Tax (81"!) and the Capitals Gains Tax assuming that the sale was made upon the effectivity of TRAIN LAW Solution: Stock Transaction Tax (List and Traded) Selling Price P 250,000 Rate 6110 of 1% STT w Capital Gains Tax (Not listed and traded) Selling Price P 143,680 Selling expense (3,680) Cost .mmm Net CG P 60,000 Rate .4534: CGT m Exercises: 1. Axle, a resident citizen, disposed the following shares of stock of a domestic corporation whose shares are not listed and traded in the local stock exchange: Date of sale Cost Selling Price January 15, 2019 P 80,000 P 135,000 February I4, 2019 175,000 [50,000 A March 30, 2019 456,000 360,000 15/26 v Capital Gains tax on January 15, 2019 sale is? \\. Capital Gains tax on February 14, 2019 sale is? Capital Gains tax on March 30, 2019 sale is? E @ O \\'i 4%.." 6 LEARNING MODULE INCOME T... E 2. CG operates a sari sari store while she is engaged in tax practice. In 2019 his gross sales amounted to P 1,800,000 in addition to his gross receipts from tax practice of P 400,000. Her recorded cost of goods sold and operating expenses were P 1,325,000 and 1' 320,000 respectively Compute for the income tax due on GG if: a. He availed of Optional Standard Deduction 12/26 13. If he signies his intention to be taxed at 8% income tax rate 31% I 3:01 pm (4
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
