Ms. Lian had the following dealings during the year: Capital gain Sale of domestic stocks directly...

 

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Ms. Lian had the following dealings during the year: Capital gain Sale of domestic stocks directly to a buyer Sale of domestic bonds directly to a buyer Short Term P40,000 40,000 Ordinary gains Sale of equipment Capital loss Sale of foreign stocks 10,000 Sale of domestic stocks directly to a 10,000 buyer Ordinary loss Sale of old machine Your answer 20,000 Long Term P50,000 20,000 10,000 10,000 40,000 2 points Ms. Lian has a business income totaling P500,000 including P18,000 dividend income from a domestic corporation. Compute the total income of Ms. Lian subject to regular tax. Ms. Lian had the following dealings during the year: Capital gain Sale of domestic stocks directly to a buyer Sale of domestic bonds directly to a buyer Short Term P40,000 40,000 Ordinary gains Sale of equipment Capital loss Sale of foreign stocks 10,000 Sale of domestic stocks directly to a 10,000 buyer Ordinary loss Sale of old machine Your answer 20,000 Long Term P50,000 20,000 10,000 10,000 40,000 2 points Ms. Lian has a business income totaling P500,000 including P18,000 dividend income from a domestic corporation. Compute the total income of Ms. Lian subject to regular tax.

Answer rating: 100% (QA)

To compute the total income of Ms Lian subject to regular tax we need to calculate the taxable incom... View the full answer