Tic Ling sold 1,000 shares directly to the stock market for P 1,000,000. How much is the percentage tax if Tic acquired the shares of stock for P 600,000? P 0 P 6,000 P 2,000
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Tic Ling sold 1,000 shares directly to the stock market for P 1,000,000. How much is the percentage tax if Tic acquired the shares of stock for P 600,000?
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- 19. Mr. Bosun disposed of various stocks at a total consideration of P400,000 and paid thereon stock transactions tax of P2,000. Aggregate gains realized totaled P98,00 after the stock transaction tax. What is the capital gains tax? * а. РО b. Р 4,900 c. P 9,800 О d.P14,7001. Macmod sold 2,000 shares of his investment in stock eCare. The sale is made through the Philippine Stock Exchange (PSE) tor P1,000,000. How much is the percentage tax if Macmod acquired the shares of stock for P800,000 2. Macmod sold 2,000 shares of his investment in stock eCare. The sale is made through the Philippine Stock Exchange (PSE) tor P1,000,000. How much is the percentage tax if Macmod acquired the shares of stock for P800,000Ron's basis in his stock is $4,000. The corporation has E&P of $5,000 and distributes $6,000 to Ron. (a) How much dividend income does Ron have? 5000 Distr Goo0 Basis 4000 Basis 3000 1000 (b) What's his new basis in his stock? Basict 3 000
- Mr. ABC sold shares of resident foreign corporation directly to a buyer. The shaes were purchased for P200,000 and were sold at a net selling price of P420,000. Compute the capital gain tax. A. P 33.000B. P 22,000C. P 11,000D. zero2) Andrew bought 10,000 shares of stock B at $2 per share. At the end of the year, he sold all the shares at $2.50 per share. The transactions payable for share transactions in Singapore are: Clearing fee Trading access fee Brokerage commission 0.0325% 0.0075% 0.2800% In addition to the above cost, Andrew has to pay GST of 7% on the total transaction cost (i.e. sum of clearing fee, trading access fee and brokerage commission). Calculate Andrew's profits in dollars and return.Q1. As of the end of the current tax year, Mad Corp. has accumulated E&P of $31,000 and current E&P of $1,000. At the end of the year, Mad Corp. distributes $50,000 to its sole shareholder, Mary, whose stock basis is $10,000 (before the distribution). What amount of the distribution is treated as a dividend? Q2. As of the end of the current tax year, Mad Corp. has accumulated E&P of $31,000 and current E&P of $1,000. At the end of the year, Mad Corp. distributes $50,000 to its sole shareholder, Mary, whose stock basis is $10,000. What is Mary’s stock basis after the distribution?
- 8. A, an individual, owns all 100 shares of X Co. A's basis in these shares is S1 per share ($1000 total). 8a) A transfers 10 shares to Xin exchange for cash of 10. How will this transaction be treated for tax purposes? 8b) Suppose instead that there are 2 shareholders, A and B. Each owns 50 shares of X Co. A transfers all 50 shares to X in exchange for cash of 50. How will this transaction be treated? 8c) Same as (b) except that A and B are husband and wife. Would this change your answer?Candice Corporation, a domestic corporation sold its 100,000 shares with par value of P 15 per share to Aginer Corporation for P 20 per share. How much is the capital gains tax of ABC Corporation? P 225,000 P 75,000 P Nil P 300,000 Candice Corporation, a domestic corporation sold its 100,000 shares with par value of P 15 per share for P 20 per share to the stock market, how much tax should Candice Corporation pay to the BIR? None P 3,000 P 9,000 P 12,000ABC Corporation, a foreign corporation sold its 100,000 shares with par value of P 15 per share to CBA Corporation for P 20 per share. How much is the capital gains tax of ABC Corporation? P 12,000 P 300,000 P 50,000 P 75,000
- Ian holds 100 shares in Big Bank Pty Ltd. The company paid a fully franked dividend of $4 per share on 1 June 2020. Assume a corporate tax rate of 30%. How much tax (if any) must Ian pay on the dividend income? Assume his applicable marginal tax rate is 40%. a. $160 b. $57 c. $228 d. Nil1. Ian holds 100 shares in Big Bank Pty Ltd. The company paid a dividend of $4 per share (franked to 30%) on 1 June. Assume a corporate tax rate of 30%. What amount must Ian include in his assessable income for the year?a. $571b. $451c. $400d. $51Dexter Berhad is acquiring Dusty Berhad. The available information about thecompanies are as follows: Dexter Berhad Dusty BerhadCommon Stock (Par value RM0.50) RM100,000 RM50,000Earnings After Tax RM250.000 RM150,000Dividend paid to Preferred Shareholders RM50.000 RM20,000Price Earnings Ratio 18 times 9 timesCompute the followings:i) Pre-merger earnings per share for both companies.ii) Share exchange ratio for this merger based on market priceiii) Post-merger earning per share