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10. A taxpayer had the following dealings in properties: Short-term capital gain P 200,000 Long-term capital gain 100,000 Short-term ordinary gain 50,000 Long-term ordinary gain

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10. A taxpayer had the following dealings in properties: Short-term capital gain P 200,000 Long-term capital gain 100,000 Short-term ordinary gain 50,000 Long-term ordinary gain 150,000 Short-term capital loss 100,000 Long-term capital loss 150,000 Short-term ordinary loss 200,000 Long-term ordinary loss 120,000 Assuming that the taxpayer is an individual, compute respectively the total items of gross income and the total items of deductions from gross income. a. P200,000; P 260,000 c. P 275,000; P 320,000 b. P 200,000; P 260,000 d. P 275,000; P 320,000

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