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Compute for the capital gain tax

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PHILIPPINE TAXATION 2020 (TRAIN LAW)

An individual taxpayer held shares of stock as investment. During the current year, he sold the shares he bought for P100,000 to a direct buyer for P180,000. He incurred P30,000 selling expenses in connection with the sale.

Problem 1: Compute for the capital gain tax

Reference no: EM132788026

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