This problem is about Capital Gains Tax for Corporations.

A domestic corporation provided the following data for 2021: Gross profit from sales Dividend from domestic corporation Capital gain on land in the Philippines held for 2 mos. (Sold at P1.5M) Capital gain on share of closely held domestic corporation held for 2 mos. Business expenses Capital loss on sale of bonds of domestic corporation held for 6 mos. Required: Determine the total capital gains tax 6,000,000 50,000 500,000 180,000 3,400,000 60,000