User Account

All Pages

Compute for the capital gains tax

Assignment Help Accounting Basics
Reference no: EM133151760

Question - A resident citizen taxpayer sold a principal residence located in the Philippines. Other data regarding the sale are as follows:

Selling price - P5,500,000

Fair market value - 6,000,000

Zonal value - 5,850,000

Expenses on sale - 275,000

The individual taxpayer was able to comply all the requirements for exemption, however, the new principal residence was bought for P4,125,000. Compute for the capital gains tax.

Reference no: EM133151760

Questions Cloud

Prepare the journal entry to record sabio investment : They also agreed to accept Sabio's accounts receivable of P360,000, realizable to the extent of 85%. Prepare the journal entry to record Sabio's investment
Why do we prototype the user interface design : 1. Describe the type of performance requirements and how they may influence architecture design.
What are the duties of a company secretary : Directors are under a duty to exercise independent judgement. What does this mean.
Good choice for a management position : Research to focus on interview questions that will give insight into Whether a candidate is a good choice for a management position.
Compute for the capital gains tax : A resident citizen taxpayer sold a principal residence located in the Philippines. Compute for the capital gains tax
What are the five basic principles of public speaking : What are the five basic principles of public speaking? Please describe the FIVE terms in CLASSICAL ROOTS of public speaking in your own words.
Wto and the regional trading agreements : Between the WTO and the regional trading agreements. Which do you think is more effective in promoting free trade, the global or regional cooperative agreements
Why is it a problem for businesses : You will play the role of a consultant hired by a fictitious company, MovieFlix, a company that provides subscription service for on-demand Internet streaming m
What is the effective rate of payments : If you are provided with semi-annual payments of $500 at a rate of 2.3% compounded monthly, what is the effective rate of payments

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd