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What is the capital gain tax for guide corp

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Reference no: EM132726114

Guide corp., a domestic corporation, just concluded its taxable year 2013. It sold a piece of land and building abroad held as capital asset at a selling price of 5,000,000 with payment in one lump sum.

Problem 1: The capital gain tax is

a. 0
b. 250,000
c. 300,000
d. None of the above

Reference no: EM132726114

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