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How much is the Capital Gains Tax

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Reference no: EM133111488

Question - A corporation has the following income for 2018: Interest income derived from depository bank under Expanded Foreign Currency Deposit System P100,000; Capital gain from sale of shares of stock not traded in the local stock exchange 200,000; Dividend from a domestic corporation 300,00. How much is the Capital Gains Tax assuming the corporation is a resident foreign corporation?

a. 15,000

b. 45,000

c. 7,500

d. None of the choices

Reference no: EM133111488

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