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Gross profit from sale P 6,000,000 Dividend from DC P 50,000 Capital Gain on idle Land in the Ph held for two months (sold at
Gross profit from sale P 6,000,000
Dividend from DC P 50,000
Capital Gain on idle Land in the Ph held for two months (sold at 1,5M) P500,000
Capital Gain on sale of shares of a closely held corporation P180,000
1. Determine the capital gains tax.
2. Determine the final tax.
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