solved: Shares of stock of Sweet & Sour Co., a domestic corporation, held…


Shares of stock of Sweet & Sour Co., a domestic corporation, held…Shares of stock of Sweet & Sour Co., a domestic corporation, held as investment by Benjo bought at P1,000,0000 cost in mid 2022, are listed and traded in the local stock exchange. A year later, Benjo sold his stockholding thru his stock broker for P2,850,000, net of a P150,000 commission paid to the agent. The appropriate tax on the transaction is:A. P 17,100 percentage tax  B. P 18,000 stock transaction tax  C. P 180,000 final capital gain tax  D. P 277,500 final capital gain tax  LawSocial ScienceTax law BSA 101

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