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How much is the income exempt from tax

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Reference no: EM132559039

Question - A taxpayer bought 20,000 shares from Golden Mutual Fund at P120 Net Asset Value per share. The taxpayer redeemed his shares when the Net Asset Value per share was P180.

1) How much is the income exempt from tax?

2) How much is the taxable income?

Reference no: EM132559039

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