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 Question

1. Mr. Dionisio sold domestic stocks directly to a buyer at a mark-up on cost of...

1. Mr. Dionisio sold domestic stocks directly to a buyer at a mark-up on cost of P200,000. He paid P5,000 broker's commission
and P8,000 documentary stamp tax on the sale. Compute the capital gains tax. a. P28,050 c. P 14,200 b. P 14,500 d. P 13,700

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9/30/22, 8:07 PM 1. Mr. Dionisio sold domestic stocks directly to a buy… - ITProSpt

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Answers

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Answers #1

Answer -

Step - (1) - Information Given -

Mr. Dionisio sold domestic stocks directly to a buyer at a mark-up on cost of P 200000.

He paid P 5000 broker's commission and P 8000 documentary stamp tax on the sale.

Step - (2) - Computation of Capital Gains Tax -

Net gain on the sale of stocks of a domestic corporation directly to the buyer is taxed as capital gains
at a tax rate of 15%.

In the given case,

Capital Gains Tax = [(P 200000 - P 5000 - P 8000) * 15%] = P 28050.

Hence, Option - (a) is Correct.

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