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How much is the capital gains tax due if any

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Reference no: EM132842284

Mr. Rex derived the following income in 2019: Business income P 200,000 Compensation Income 300,000 Interest Income from 5/6 100,000 Lending to clients Interest income from bank 20,000 deposit Royalty income 100,000 Capital gains on sale of 20,000 personal car Capital gain on the sale of stocks directly to a buyer 40,000 Ordinary gain on sale of stocks directly to a buyer 10,000 Dividend income 50,000

Problem 1: how much is the capital gains tax due, if any?

A. P6,000

B. P7,200

C. P0

D. P7,800

Reference no: EM132842284

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