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I did not understand my topic during online class. Please help me. 1. On a sale by J Co. of land and building (real property)

I did not understand my topic during online class. Please help me.

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1. On a sale by J Co. of land and building (real property) in the Philippines held as investment (capital investment) at a capital gain of 12,000,000 on a selling price (FMV) of 100,000,000, how much was the capital gain tax? 2. On a sale by K Co. of land and building in the Philippines held as investment at a capital loss of 10,000,000 on a selling price of 50,000,000, when the FMV was 40,000,000, how much was the capital gain tax? 3. On a sale by L. Co. of land and building outside the Philippines held as investment at a capital gain of 5,000,000 on a selling price of 8,000,000 when the fair market value was 11,000,000, how much was the capital gain tax? 4. On a sale by D Co of shares of stock of a domestic corporation not listed and traded in a local stock exchange held as investment at a capital gain of 50,000 how much was the capital gain tax? 5. On a sale by F Co. of shares of stock of a domestic corporation not listed and traded in a local stock exchange held as investment at a capital loss of 40,000, how much was the capital gain tax? 6. On a sale by G Co. of shares of stock as Domestic Corporation listed and traded in a local stock exchange held as investment at a capital gain of 40,000, how much was the capital gain tax? 7. B Co. a resident corporation in its fifth year of operations in the Philippines in 2018 had: Net sales 4,000,000 (PH) 9,000,000 (Foreign) Cost of sales 1,200,000 2,700,000 Business expenses 2,000,000 4,500,000 a. Normal tax? b. MCIT? c. Income tax expense d. Income tax payable "the rules on quarterly and year end income tax returns of domestic corporations apply to resident corporations. 8. A foreign corporation, authorized to do business in the Philippines had the following data from operation in 2018: Gross income (PH) 30,000,000 Gross income (Foreign) 90,000,000 Expenses (PH) 10,000,000 Expenses (Foreign) 40,000,000 Out of the Philippines income, there was an actual remittance abroad of 8,500,000. a. Income tax expense? Profit remittance tax paid

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