Shares of stock of Sweet & Sour Co., a domestic corporation, held as investment by Benjo bought at P1,000,0000 cost in mid 2022, are listed and traded in the local stock exchange. A year later, Benjo sold his stockholding thru his stock broker for P2,850,000, net of a P150,000 commission paid to the agent. The appropriate tax on the transaction is:

Answer rating: 100% (QA)

The most likely tax Benjo would have to pay on this transaction is capital gains tax Heres how ... View the full answer