Compute the total fringe benefits tax

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Questions -

1) Because of the current pandemic, ASDF, Inc. purchased cars in the name of its employees. Mr. AS, the branch manager received a car with an acquisition cost of P2,000,000 while Ms. DF, a rank and file employee, received a car with an acquisition cost of P500,000. Compute the total fringe benefits tax based on the given data.

2) In July 2019, Mr. Bean, a resident citizen, sold his shares in Domestic Corporation directly to his friend for 300 per share. Mr. Bean acquired the shares for P100,000. The shares of stocks have a total par value of P100,000 or P100 per share.

Previously, in December 2018. Mr. Bean already sold shares in Domestic Corporation not through PSE for P100,0000. The cost of the said shares was P150,000.

In 2019, how much is the capital gains tax payable (refundable) by Mr. Bean?

Reference no: EM132946882

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