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How much shall be taken into account in computing net income

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Problem 1: Under Section 39 (b) of the Tax Code, how much shall be taken into account in computing net income, if a gain is realized by an individual taxpayer from the sale or exchange of capital assets ( other than real properties and shares of stocks) held for more than 12 months?

A. 50% of net capital gain
B. 5% of the capital assets sold
C. 50,000
D. 5,000

Reference no: EM132766925

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