Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

n August 15, 2020 Kakashi sold stocks directly to buyer. As a result of the transaction, Kakashi paid to the BIR 27,250 representing the total

n August 15, 2020 Kakashi sold stocks directly to buyer. As a result of the transaction, Kakashi paid to the BIR 27,250 representing the total taxes on the transaction. The stocks are not traded in the PSE and is the subsequent sale or transfer of the stocks. The stocks costs Kakashi 200,000 and has a par value of 100,000. How much documentary stamp tax was paid by Kakashi

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

978-0073526706, 9780073526706

More Books

Students also viewed these Accounting questions