Reference no: EM132804983

Questions -

Q1. 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?

Q2. 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?

Q3. 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?

Q4. 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?

Q5. 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?

Q6. 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?