1.Mr. Rob, a non-resident alien, sold domestic stocks directly to buyer at a gain of P80,000. Compute the capital gains tax.______________________

2.Ms. Rose, a non-resident citizen, sold domestic stock rights directly to buyer at a gain of P300,000. Compute the capital gains tax.______________________

3.Mr. Billy sold shares of a resident foreign corporation directly to buyer. The shares were purchased foe P100,000 and were sold for P210,000. Compute the capital gains tax.___________________

4.Jade sold domestic shares directly to buyer. The following relates to the sale:

FMV of sharesP400,000

Selling price 300,000

Par value 200,000

Cost150,000

Compute the capital gains tax_________________________

5.Mr. Ba exchanged his stock investment in the Stocks of Carrera Corporation for the shares of stock of Fried Corporation. The stocks acquired by Mr. Ba represent 60% of the stocks of Fried Corporation. What is the capital gains tax?_____________________

6.In the immediately preceding problem. What is the basis of the stocks received by Mr. Ba?___________

7.A non-security dealer sold domestic stocks directly to buyer on October 1, 2020 under the following terms:

Selling priceP500,000

Cost 200,000

Par value 150,000

Downpayment 10%

Installments in 2020 50,000

Compute the total CGT in 2020._________________

8.Compute the documentary stamp tax in the preceding problem.______________

9.A wash sale of domestic shares wherein 20,000 shares was disposed at a loss of P40,000 were subsequently covered-up within the 30 day period by a purchase of 15,000 shares for P10/share. The deductible capital loss against capital gain on the wash sale is________________________

10.What is the cost of the 15,000 shares acquired in the preceding problem?____________________

1.Mr. Rob, a non-resident alien, sold domestic stocks directly to buyer at a gain of P80,000. Compute the capital gains tax.______________________

2.Ms. Rose, a non-resident citizen, sold domestic stock rights directly to buyer at a gain of P300,000. Compute the capital gains tax.______________________

3.Mr. Billy sold shares of a resident foreign corporation directly to buyer. The shares were purchased foe P100,000 and were sold for P210,000. Compute the capital gains tax.___________________

4.Jade sold domestic shares directly to buyer. The following relates to the sale:

FMV of sharesP400,000

Selling price 300,000

Par value 200,000

Cost150,000

Compute the capital gains tax_________________________

5.Mr. Ba exchanged his stock investment in the Stocks of Carrera Corporation for the shares of stock of Fried Corporation. The stocks acquired by Mr. Ba represent 60% of the stocks of Fried Corporation. What is the capital gains tax?_____________________

6.In the immediately preceding problem. What is the basis of the stocks received by Mr. Ba?___________

7.A non-security dealer sold domestic stocks directly to buyer on October 1, 2020 under the following terms:

Selling priceP500,000

Cost 200,000

Par value 150,000

Downpayment 10%

Installments in 2020 50,000

Compute the total CGT in 2020._________________

8.Compute the documentary stamp tax in the preceding problem.______________

9.A wash sale of domestic shares wherein 20,000 shares was disposed at a loss of P40,000 were subsequently covered-up within the 30 day period by a purchase of 15,000 shares for P10/share. The deductible capital loss against capital gain on the wash sale is________________________

10.What is the cost of the 15,000 shares acquired in the preceding problem?____________________

1.Mr. Rob, a non-resident alien, sold domestic stocks directly to buyer at a gain of P80,000. Compute the capital gains tax.______________________

2.Ms. Rose, a non-resident citizen, sold domestic stock rights directly to buyer at a gain of P300,000. Compute the capital gains tax.______________________

3.Mr. Billy sold shares of a resident foreign corporation directly to buyer. The shares were purchased foe P100,000 and were sold for P210,000. Compute the capital gains tax.___________________

4.Jade sold domestic shares directly to buyer. The following relates to the sale:

FMV of sharesP400,000

Selling price 300,000

Par value 200,000

Cost150,000

Compute the capital gains tax_________________________

5.Mr. Ba exchanged his stock investment in the Stocks of Carrera Corporation for the shares of stock of Fried Corporation. The stocks acquired by Mr. Ba represent 60% of the stocks of Fried Corporation. What is the capital gains tax?_____________________

6.In the immediately preceding problem. What is the basis of the stocks received by Mr. Ba?___________

7.A non-security dealer sold domestic stocks directly to buyer on October 1, 2020 under the following terms:

Selling priceP500,000

Cost 200,000

Par value 150,000

Downpayment 10%

Installments in 2020 50,000

Compute the total CGT in 2020._________________

8.Compute the documentary stamp tax in the preceding problem.______________

9.A wash sale of domestic shares wherein 20,000 shares was disposed at a loss of P40,000 were subsequently covered-up within the 30 day period by a purchase of 15,000 shares for P10/share. The deductible capital loss against capital gain on the wash sale is________________________

10.What is the cost of the 15,000 shares acquired in the preceding problem?____________________