1.

)
Listed and Traded Not Listed and Traded
Selling Price 250,000 143,680
Cost (118,000) (80,000)
Selling Expense (12,000) (3,680)
Capital gain tax 120,000 60,000

2.)
January 13, 2017 Selling Price 135,000
Cost (80,000)
Capital gain tax 55,000

February 14, 2017 Selling Price 150,000

Cost (175,000)
Capital gain tax -25,000

March 30, 2017 Selling Price 360,000

Cost 256,000
Capital gain tax 104,000

3.)
Gross Selling Price ₱1,000,000
Fair Market Value ₱2,500,000
Tax Base ₱2,500,000

Capital gains tax 2,5000,000 x 6% ₱150,000

Capital gains tax due in 2002 ₱270,000

1,800,000 / 1,000,000 x 150,000

8. C
9. A
10. A
11. B
12. B
13. C
14. B
15. C
16. C
17.
18.
19.
20. A
21-23.
24. B
25. A
26.