1. Miss Bae provided information to the government, which led the capture and seizure of smuggled goods with FMV of P 20, 000, 000. If the government destroyed the goods seized because these are regarded as harmful to health, how much cash reward would Ms. Bae receive? 2.In 200A, Mr. Rosario acquired his principal residence for P6,000,000. He sold it to Mr. Dela Cruz for P12,000,000 in 200D. Within 30 days, he wrote the BIR for tax exemption because he intends to use the entire sales proceeds to purchase a new principal residence. How much is the basis of the new residence for taxation purposes if he actually acquired for P15,000,000?
1. Miss Bae provided information to the government, which led the capture and seizure of smuggled goods with FMV of P 20, 000, 000. If the government destroyed the goods seized because these are regarded as harmful to health, how much cash reward would Ms. Bae receive? 2.In 200A, Mr. Rosario acquired his principal residence for P6,000,000. He sold it to Mr. Dela Cruz for P12,000,000 in 200D. Within 30 days, he wrote the BIR for tax exemption because he intends to use the entire sales proceeds to purchase a new principal residence. How much is the basis of the new residence for taxation purposes if he actually acquired for P15,000,000?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1. Miss Bae provided information to the government, which led the capture and
seizure of smuggled goods with FMV of P 20, 000, 000. If the government
destroyed the goods seized because these are regarded as harmful to health,
how much cash reward would Ms. Bae receive?
2.In 200A, Mr. Rosario acquired his principal residence for P6,000,000. He sold
it to Mr. Dela Cruz for P12,000,000 in 200D. Within 30 days, he wrote the BIR for
tax exemption because he intends to use the entire sales proceeds to purchase a
new principal residence. How much is the basis of the new residence for
purposes if he actually acquired for P15,000,000?
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