A resident citizen taxpayer sold share of stock of a domestic corporation though the local stock exchange at its fair market value amounting to P550,000. Cost of the shares sold is P300,000.

Compute for the capital gains tax.

Group of answer choices

0

P15,000

P33,000

P18,000

Flag question: Question 6

Question 65 pts

A resident citizen taxpayer sold share of stock of a domestic corporation directly to the buyer at its fair market value amounting to P600,000. Cost of the shares sold is P650,000.

Compute for the capital gains tax.

Group of answer choices

0

P7,500

P39,000

P97,500